Significance of Bill of Lading for Importers
(a) Bill of lading acts as a document of title to goods, which is transferable by endorsement and delivery.
(b) Exporter sends bill of lading to the bank of the importer so as to enable him, to take the delivery of goods.
(c) The exporter can give advance intimation to the foreign buyer about shipment of goods by sending him a non-negotiable copy of bill of lading.
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Import General Manifest (IGM)
Importance of Bill of Lading
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