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Simplified Trade Finance

Articles On Types Of Bill Of Lading

Trade Advice
Telex Release | Meaning & The Complete Guide to Shipping

Telex Release | Meaning & The Complete Guide to Shipping

A telex release is an electronic message sent from an agent or a shipping line at the port of loading (POL) to the agent at the port of discharge. Further, this message paves the way for releasing the consignment mentioned in the bill to the customer/consignee without the OBL. Read More

Trade Advice
Surrender Bill of Lading (BL) Importance Process Example Format & more

Surrender Bill of Lading (BL) in shipping

Surrender BL is a legal document issued by the exporters to terminate their ownership over the sent goods and transfer it to the importer. When the importer has completed the payment of the goods, the exporter gives up his rights over the sent goods and cannot reclaim the ownership. Surrender BL is necessary for the transfer of ownership of goods. Read More

Trade Advice
House Bill of Lading Meaning, Format & more

House Bill of Lading | Meaning, Format & more

The House Bill of Lading is issued by a Non-Vessel Operating Common Carrier (NVOCC) or a freight forwarder to the supplier post receiving the cargo and inspecting it. The supplier delivers the shipment to the freight forwarder, who inspects the cargo and delivers it to the consignee. Read More