BILL OF LADING

BILL OF LADING

A legal document between the shipper and

the carrier. It given by the master of the ship
to the carrier.
It Includes:
shipper / Buyer
Container details
POL/POD
Description
TYPES OF BILL OF LADING

2 types of bill of lading:

Negotiable Bill Of Lading

Non-negotiable Bill Of Lading

Non-negotiable BL
Non-Negotiable document as there is no
original copy of Bill of lading required.

Consignee can be submit the scan copy

of the Bill Of Lading to Release container.

copy of the Bill of Lading , stamp,

authorization letter required to release the
container.
Non-Negotiable BL:

Sea way
Telex
Surrender
Express
Negotiable BL

Original copy of Bill of lading requires to

release the cargo from the buyer’s side.

3 copy of master BL needed to submit for

release the cargo.
Negotiable BL

Original Bill of Lading.

 INCO TERMS

(International Commercial Terms)

Commonly using INCO terms:
CIF (Cost ,Insurance and Freight)

DDP(Delivery Duty Paid)

FOB(Free On Board)

DDU(Delivery Duty Unpaid)

EXW(Ex Works)
CIF(Cost Insurance freight)
The seller covers all the costs of bringing
goods from their origin to the port of
destination

including carriage costs and clearing the

goods for export(Freight) and insurance
DDU (Delivery Duty Unpaid)
The seller delivers the goods to the
buyer’s destination.
The seller is responsible for making a safe
delivery of goods to a named destination,
paying all transportation expenses but not
the duty.
Buyer becomes responsible for paying the
duty and other customs clearing
expenses.
DDP(Delivery Duty Paid)
The seller delivers the goods to the buyer’s
destination.
Seller pays all cost including Tax & Customs
clearance.
Seller takes all risk until cargo is delivered to
buyer including customs & tax issues.
EXW(Ex Works)
Buyer takes the risks for bringing the goods to
their final destination.

Buyer pays all the cost including the export

customs, freight ,insurance , import customs
clearance and taxes.
FOB(Free On Board)
Seller delivers goods, cleared for export,
loaded on board the vessel at the named
port
Once the goods have been loaded on board,
risk transfers to the buyer, who bears all
costs thereafter.