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BL - Presentation

A bill of lading is a legal document between the shipper and carrier that provides details of the shipment including container details, ports of loading and unloading, and item descriptions. There are two main types: negotiable bills of lading require the original document to release cargo while non-negotiable bills can be released using a scan or fax copy along with authorization. Common international commercial terms (INCO terms) specify responsibilities for costs and insurance during transport and may include CIF where the seller covers costs to the destination port or DDP where the seller covers all costs including taxes and customs clearance.

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298 views15 pages

BL - Presentation

A bill of lading is a legal document between the shipper and carrier that provides details of the shipment including container details, ports of loading and unloading, and item descriptions. There are two main types: negotiable bills of lading require the original document to release cargo while non-negotiable bills can be released using a scan or fax copy along with authorization. Common international commercial terms (INCO terms) specify responsibilities for costs and insurance during transport and may include CIF where the seller covers costs to the destination port or DDP where the seller covers all costs including taxes and customs clearance.

Uploaded by

abdirama
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

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.

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