The Original Bill of Lading (OBL) is a crucial legal document in cargo transportation, confirming that the carrier has received the goods and representing ownership of the cargo. Understanding the importance of the OBL and its release mechanism helps businesses ensure the safety of goods reaching their destination and reduce transaction risks.
A backdated bill of lading refers to a document issued by the carrier, stating a date earlier than the actual shipment date, upon the shipper's request after the goods are loaded. This practice is often used to meet letter of credit requirements but carries risks, such as banks rejecting documents due to excessive backdating. Understanding the risk management associated with backdated bills of lading is essential for successfully completing transactions.
This article guides new companies through their first export process, focusing on key steps such as container pickup, customs declaration, and bill of lading confirmation. By understanding these procedures, new companies can enhance their export efficiency and successfully complete international trade.
HBL and telex release play crucial roles in international logistics. HBL refers to the house bill of lading, which is a document issued by a freight forwarder. Telex release simplifies the cargo pickup process, enhancing overall efficiency in the shipping process.
This article provides clear guidance for readers by analyzing the filling requirements for 'consignor and consignee' and 'production and sales unit' in the new customs declaration form. The export customs declaration must include relevant information about the enterprise registered with customs, highlighting the importance of contract execution.
A Letter of Indemnity (LOI) is a crucial legal document that ensures the smooth delivery of goods in the absence of the original bill of lading. It holds the shipper accountable for any potential losses and serves as an essential assurance mechanism in international logistics.
This article provides a detailed guide on filling out the Ocean Bill of Lading, covering types of bills, filling requirements, processes, and common mistakes along with their solutions. It aims to help practitioners avoid frequent errors and ensure smooth customs clearance and transportation of goods.
SAMELE shared freight forwarding practical experience on the Jiyun Baodian forum, covering topics such as AMS filing, bill of lading creation, customs clearance procedures, air freight D/O exchange, and food cargo transportation. This provides valuable reference information and operational guidance for freight forwarding practitioners.
Recently, several shipping companies, including Orient Overseas, CMA CGM, and ONE, announced adjustments to their fee and business policies. These changes encompass bill of lading requirements, price adjustments, surcharges, and the application of new technologies. It is essential to stay informed to optimize your international logistics operations.
This article analyzes the key features and risk differences between negotiable and non-negotiable bills of lading in international shipping. It explores cargo control, the risks of releasing goods without a bill, and the adaptability of trade settlements. Practical recommendations are provided to assist decision-making and enhance transaction safety and efficiency.
