What is the difference between ‘Received for shipment’ and ‘Shipped on Board’
Let us discuss, what is Received for shipment Bill of Lading?
As I have explained in detail in my previous article, the bill of lading is issued by carrier as a proof of receipt of goods from shipper. The earliest time of issuing bill of lading is on completion of customs formalities and receipt of original ‘let export order’ copy of shipping bill from customs house agent or from the shipper. If cargo is loaded in a CFS (dry port) away from sea port of loading, the multimodal transport carrier has to move the goods to port and load the goods to the ship. However the “Received for Shipment” bill of lading can be issued by carrier immediately on receipt of goods from shipper after completion of customs clearance.
Normally the overseas buyer instruct the seller (exporter) through Letter of Credit, to send clean on board bill of lading. However, in some cases, as per the agreed terms between buyer and seller, seller mentions on letter of credit to accept ‘Received for shipment Bill of Lading’. If the Letter of credit just says ‘Bill of Lading’, ‘Received for shipment Bill of Lading’ is more than enough to negotiate buyer’s document, as bank can not find this as a ‘discrepancy’.
What is ‘Onboard Bill of Lading’?
Once after moving the goods on board the vessel , the carrier of go
ods certifies on such ‘on board’ by mentioning in Bill of Lading by mentioned as ‘SHIPPED ON BOARD’. Shipped on board means, the cargo has been loaded in to the vessel. Normally, carrier mentions the date of such on board of goods on the bill of lading below the word ‘Shipped on board’. Also read How to get export order from foreign buyers?
Would you like to opine more on the subject. Please discuss below.
The above information is a part of Export import business Course online
Other post about import export cauching
How to obtain a duplicate BL, if original bill of lading lost.
Difference between Duty draw back and brand rate
Difference between DDP and DDU terms of delivery
Abbreviations – P
Difference between shut out cargo and short shipment cargo
How to send export samples to foreign buyer? Tips to send samples to foreign buyer
Excise and Customs - Click here to read complete notification under Budget 2014
How to get Export Orders?
How to settle dispute in Exports and Imports?
Click here to know India Trade Classification(ITC)
Click here to know HS code of other product/commodity
Pre shipment bank finance to suppliers for exports through other agencies
Types of export containers
Measurement of export containers
Exim Policy of India 2015-20
MEIS, Merchandise Exports from India Scheme
SEIS, Service Exports from I
ndia Scheme
Merge your Commercial Invoice and Packing List for all your future exports
Export procedures and documentation
What happens, once Bill of Entry for Imports files?
What is ‘Combined Bill of Lading’
How to obtain a duplicate BL, if original bill of lading lost.
How to obtain GSP - Certifica
te of Origin?
How to obtain Phyto sanitary certificate. What is phytosanitary certification
How to obtain waiver on detention/ demurrage on imported goods/container from Shipping company/CFS
What is ‘Late BL release charges’
What is ATA carnet and how ATA carnet works?
What is Bank Guarantee to
customs in Import
What is Bond execution with customs in imports and exports
Transferability of Bill of Lading
Transhipment - A redefinition
Travelers to India under
import duty exemption, Frequently Asked Questions Part 2
Triangular export
Triangular shipment
Types of Insurance Documents.
What is Brand Rate in Duty Drawback
What is BVQI inspection on export goods?
What is charter party bill of
l
ading ?
What is CIF terms of delivery in Ex
ports and Imports?
What is Clean on board Bill of Lading
What is co-loading
What is Commercial
enforc
ement hold for import cargo in US
What is consolidation of cargo What is LCL cargo less container load cargo
What is Crating in Exports and Imports
What is CT3 form. How to get CT3. Why CT3 required
What is customs bonded area in expor
ts and imports
What is DDP terms in an export Import Business?
What is Dry Port
What is DTA in export import tr
ade?
What is ECGC and how does ECGC protect exporters?
What is EPCG How EPCG works in Export Import trade?
What is Ex-factory terms in Imports and Exports