BANKING AFFAIRS

Detailed explanation-1: -Here, the carrier issues a copy of express BL to exporter. A soft copy of the same BL is sent by carrier to his counterpart at destination. You (exporter) also send a soft copy to your overseas buyer. Your buyer can take delivery of goods by just submitting the said copy with the carrier at final destination of goods.

Detailed explanation-2: -Bill of Lading This is the most important document not only for exporters but for importers too. The exporter must share the bill of lading with the importer, who cannot receive the goods at his end without it.

Detailed explanation-3: -A bill of lading is a document of title to goods. It is a receipt by the shipping company with an agreement to deliver the goods at the destination only to the party the bill of lading is consigned to.

Detailed explanation-4: -The BL becomes the shipment receipt when the goods are delivered by the transporter to the predetermined destination. The BL document must accompany the shipped products and upon receipt, is signed by an authorized representative of the receiver, which documents that they took possession of the goods.