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Simplified Trade Finance

Articles On Export Documentation

Trade Advice
Letter of Indemnity Meaning & the Complete Process

Letter of Indemnity | Meaning, Process, Sample Format & more

A letter of indemnity (LOI) is a contractual document guaranteeing that specific provisions will be met between two parties in the event of a mishap leading to financial loss or damage to goods. Read More

Trade Advice
Ocean Bill of Lading Meaning, Example & More

Ocean Bill of Lading | Meaning, Example & More

An Ocean BOL is a legal contract between the shipper and the carrier which acts as a receipt for the mentioned articles that are required to be shipped overseas. When it comes to transporting shipment through international waters, the Ocean Bill of Lading is required. Read More

Trade Advice
SBLC Standby Letter of Credit Meaning & The complete guide to its process

SBLC | Standby Letter of Credit | Meaning & The complete guide to its process

‘Standby Letter of Credit (SBLC) is a type of letter of credit (LC) where the issuing bank commits to pay to the beneficiary if the applicant fails to make the payment. 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