Presentation Topic Bills of Lading & Bills of Exchange

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Historical review
Already in 1882 Lord Blackburn suggested that making a bill of lading in parts would be confusion unless the delivery of one part of the bill of lading had the same effect as the delivery of all parts would have had. He also noticed that making only one bill of Click to edit Master subtitle style lading which should be the sole document of title (master document) and taking copies, certified by the master to be true copies which would suffer for every legitimation purpose (e.g. for an appraisal) for which the other parts of the bill can be 4/29/12 applied, but could not be used for the

It is a receipt signed by the carrier confirming whether goods matching the contract description have been received in good condition (a bill will be described as clean if the goods have been received on board in apparent good condition and stowed ready for transport) . BOL is also a document of transfer, being freely transferable .

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Meaning of BOLA bill of lading can be used as a traded object. The standard short form bill of lading is evidence of the contract of carriage of goods and it serves a number of purposes:

It is evidence that a valid contract of carriage i.e. the short form simply refers to the main contract as an 4/29/12 existing document, whereas the long

The BOL must contain the following information :

Name of the shipping company; Flag of nationality; Shipper's name; Order and notify party; Description of goods; Gross/net weight; and Freight rate/measurements and

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Type of BOL

Straight bill of lading Order bill of lading Bearer bill of lading Other terminology
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Straight bill of lading

Bill of lading for casks of wine shipped by United States Consul to Lisbon, Portugal, William Jarvis to President Thomas Jefferson. 4/29/12

Order bill of lading

This bill uses express words to make the bill negotiable, e.g. it states that delivery is to be made to the further order of the consignee using words such as "delivery to A Ltd. or to order or assigns". Consequently, it can be indorsed (legal spelling of endorse, maintained in all statute, including Bills of Exchange Act 1909 (CTH)) by A Ltd. or the right to take delivery 4/29/12 can be transferred by physical

Straight bill of lading

In this importer/consignee/agent is named in the bill of lading, it is called straight bill of lading. It is a document, in which a seller agrees to use a certain transportation to ship a good to a certain location, where the bill assigned to a certain party. It details to the quality and quantity of goods.. Click to edit Master subtitle style

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Bearer bill of lading

This bill states that delivery shall be made to whosoever holds the bill. Such bill may be created explicitly or it is an order bill that fails to nominate the consignee whether in its original form or through an endorsement in blank. A bearer bill can be negotiated by physical delivery.
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Surrender bill of lading

Under a term import documentary credit the bank releases the documents on receipt from the negotiating bank but the importer does not pay the bank until the maturity of the draft under the relative credit. This direct liability is called Surrender Bill of Lading (SBL), i.e. when we hand over the bill of lading we surrender title to the goods 4/29/12 and our power of sale over the

Other terminology

A sea or air Waybill is a nonnegotiable receipt issued by the carrier. It is most common in the container trade either where the Cargo is likely to arrive before the formal documents or where the shipper does not insist on separate bills for every item of cargo carried. The UK's Carriage of Goods by Sea Act 1992 creates a further class of 4/29/12

Bills Of Exchange
BOE(Bills of Exchange) Is the export & Import document Bill of Exchange is a rectim account. We have received Click to edit Master subtitle style the bill from customer against sales value. The bill is submitted at bank. after completion of the period the amount paid by customer to bank.

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Used In Bank Lone

Generally we will go for bills of exchange for getting loan from bank. it is also one form of getting loan from the bank. we will keep bills with the bank and we will get loan from the bank. the loan value(varies from 80-95% of bills amount) depends on various things like maturity date, risk, interest etc. Bank will recover the amount against the customer payments. Bank will charge some thing for bills of exchange, so banks Click to edit it and subtitle will get benefit from Mastercompanystyle get liquidity so company can able to do more turnover.

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Document of BOE

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Discount Bill

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British BOE Document

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THANKING YOU !!!

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