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Procedures to surrender House Bill of Lading
If a shipment is not under the terms of letter of credit or if payment terms are not under DP, some of shippers do not send original bill of lading to buyer but surrender original bill of lading after releasing with carrier.
Surrendering procedures of bill of lading simplifies the mechanism of transportation procedures.Once after completion of export customs formalities, the shipper hands over cargo to carrier to move final destination. Once after receiving cargo by carrier, bill of lading is released after collecting necessary charges from shipper if any.
If the shipper wants to surrender original bill of lading, he can submit all originals with a request letter to the carrier of goods with necessary OBL surrender charges if any.
Once after receiving original Bills of lading from carrier of goods - normally three originals but in some cases five - the carrier arranges to send a message to his counter part at destination port stating that OBL surrendered at origin port and the consignee may not be insisted to produce original bill of lading at the time of delivery of cargo. So the carrier at load port advises his office at destination port to release goods to consignee without original bill of lading. A copy of such message is sent to the shipper also as a proof of surrendering OBL. Shipper in turn, sends across the said release message copy to his buyer for smooth delivery of goods without insisting for Original Bill of Lading. The consignee at destination port takes delivery of goods by obtaining delivery order from carrier.
Also read - Can Bill of Lading be surrendered at port of loading? Can Bill of Lading be surrendered on LC terms? Can Original Bill of lading be surrendered under DP terms of payment? Can Original Bill of lading be surrendered under LC at sight? Surrender of Bill of Lading – Some facts
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STALE BILL OF LADING What does it mean? Difference between Clean On Board Bill of Lading and Shipped On Board Bill of Lading. Can Original Bill of lading be surrendered under DP terms of payment Can Original Bill of lading be surrendered under LC at sight Can Bill of Lading be surrendered on LC terms How to obtain a duplicate BL, if original bill of lading lost? Can a Bill of Lading be consigned to a customs broker? Can I get bill of lading before loading cargo Can two consignments meant for one buyer be shipped together under one Bill of Lading? Consignee To Order in Bill of Lading How to avoid delay in receiving OBL Original Bill of Lading? Amendment of Bill of Lading How to amend shipper details in Bill of Lading?. How to surrender HBL House Bill of Lading Surrender of Bill of Lading Some facts . How does Bill of Lading work in Sight LC. How does Bill of Lading work in DP payment terms? Can a Bill of Lading (BL) be predated for LC negotiation? What is the earliest date can be mentioned on Bill of Lading. Can BL date and let export date be same day? Can shipping line predate Bill of Lading,What is the earliest date can be mentioned on Bill of Lading. What is Said to weigh in Bill of Lading What is Shipper Load, stow and count in Bill of Lading What is said to contain in Bill of Lading. Can an importer take delivery of goods without original bill of lading? What is House BL House Bill of Lading Can Bill of Lading (BL) be before date of Certificate of origin GSP? What is Express Release Bill of Lading? Can Bill of Lading be surrendered at port of loading? Transferability of Bill of Lading What is charter party bill of lading ? How transshipment bill of lading works? What is Combined Bill of Lading / Multi model Bill of Lading Unclean Bill of Lading/Claused bill of lading/foul bill of lading/Dirty Bill of Lading What is Clean on board Bill of Lading? Is received for shipment Bill of Lading sufficient for LC negotiation? Different types of Bill of Lading 3 Reasons under Importance of bill of lading in international trade When can an exporter get bill of lading from shipping company?
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