The information provided here is part of Online Export Import course
Importance of bill of lading in International trade
What is Bill of Lading? What is the importance of a Bill of Lading in an Import Export trade?
Bill of Lading is used in Export and Import trade under sea mode of shipments. How does Bill of Lading work in an International Trade?
Let me explain the major 3 importance of Bill of Lading in exports and imports.
Evidence for a contract of carriage.
Bill of lading serves as evidence for a contract of carriage.
So bill of lading is a document of evidence under a sea consignment. Means, Bill of Lading is proof of shipment under a sea mode of transport.
Proof of receipt of shipment by carrier
Secondly, it is proof of receipt of shipment by carrier of goods to overseas destination. Once after completion of necessary export customs formalities in an exporting country, the cargo is handed over to shipping company who carries goods to final destination. The carrier or their agent issues bill of lading as proof of receipt of cargo.
Bill of Lading is a document of title.
Thirdly, Bill of Lading is a document of title. It is a legal document used as proof of shipment in various authorities, as it has been approved as per Negotiable instrument Act. Without original bill of lading, the goods can not be taken delivery at destination.
Have you satisfied with this article about the importance of Bill of Lading in exports and imports?
Would you like to add more information about the importance of bill of lading based on your knowledge in the trade?
Share your experience in handling bill of lading on this subject – Importance of Bill of Lading in International trade.
The above information is a part of Export Import Online Tutorial
Comment below your thoughts on importance of Bill of Lading in Exports and Imports.
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?
Other information about Export import tutorial
What is charter party bill of lading?
How transshipment bill of lading works?
What is Combined Bill of Lading
Can a Bill of Lading (BL) be predated for LC negotiation?
How does Bill of Lading work in Sight LC
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)
Pre shipment bank finance to suppliers for exports through other agencies
Types of export containers
Measurement of export containers
Export Import Policy of India 2015-2020
MEIS, Merchandise Exports from India Scheme
SEIS, Service Exports from India Scheme
Merge your Commercial Invoice and Packing List for all your future exports
Export procedures and documentation
What happens if overseas buyer not paid export bills discounted.
How to amend spelling error in IGM. in India
How to avoid two import DO charges at destination
How to book empty container for factory/CFS/ICD/port stuffing
What is VACIS exam in US import customs clearance
The term FCL. What is FCL means
When does exporter get EP copy of shipping bill after customs clearance
How does TT (Telegraphic Transfer) work?
How to make delay in delivery of Shipment?
How to minimize import cargo clearance time? An open logic proposal to WTO
Nil tariff of GST on sale and purchase of Cereal grains hulled
Chopped GST payable rate on Cereal grains hulled
No need to pay GST on Soya beans
Nil tariff GST on purchase of broken soya beans
No GST on sale of Poppy seeds
Zero percentage GST on Groundnuts, whether or not shelled or broken
Nil rate of GST on sale of Groundnuts, not roasted or otherwise cooked
Exempted GST on purchase of Linseed
Nil rate tariff GST on purchase of Rape or colza seeds
Zero rate of GST on Sunflower seeds
Nil rate tariff GST on purchase of Saffower or Carthamustinctorius seeds
Waived GST on sale of Palm nuts and kernels
No GST on sale of Mustard seeds