Bill Of Lading Replace Text Box For Free

A Negotiable Bill of Lading is used when the consignee or the buyer signs and endorses the documents, delivering them to the new consignee or the 'third party. ' In order to transfer the Negotiable Bill of Lading, the consignor must sign and stamp the bill.

A Switch Bill of Lading is simply the second set of bill of lading that may be issued by the carrier or their agent in exchange of or substituting the first set of bill of lading originally issued when the shipment was effected.. The KEYWORD here is in exchange of or substituting..

Typically three bills are issuedone for the shipper, one for the consignee, and one for the banker, broker, or third party.Because the bill of lading is a document of title, it is valuable.

Any details other than the above must remain the same as per initial bill of lading. Therefore, port of loading (POL), port of discharge (POD) or weight/number of packages cannot be changed. It is extremely important that the issuing date is the same in both bills of lading. Who can request to switch bills?

A Bill of Lading can be amended before or after the booking confirmation is made with the logistics service provider. The key area that stops agents from amending the bill of lading is when the shipping manifest as been prepared, or a letter of credit clearly states that the bill of lading has to be clean.

Switch Bill of Lading procedure. The Switch B/L can only be officially requested by the cargo owner or principal. In other words, since the Bill of Lading represents ownership, only the company holding the full set of documents can request for a switch B/L.

If an original bill of lading is lost, destroyed, or stolen, a new bill generally cannot be obtained unless the original has been found. A lost bill of lading requires several steps by the shipper, importer, or exporter. A letter from the shipper should be prepared detailing that the bill of lading was lost.