Email thisblogthisshare to twittershare to facebookshare to pinterest. To order bills of lading have two functions in international trade transactions.
What Is A To Order Bill Of Lading An Encompassing Guide Global Logistics Know How
This may be a bit of a silly question but lets say you want to issue a bl to the order of x bank for a client y in china.
Bl to order. To order means that the bill of lading has been consigned to order of the shipper. Consignee can transfer the title of goods to another party with endorsement and delivery of the original bill of lading. To order bill of lading is the one that consignee part of the bill of lading have been completed by writing to order only as can be seen on the below example.
Lets say the consignor is in the us and the consignee in china. Also read bank release order bro in imports. The bl is sent to the order of the bank so the bank needs to sign it too.
Generally bill of lading is consigned to order or to the order of xyz bank under letter of credit terms mutually agreed with buyer and seller. They prevent delivery of the cargo to unwanted parties. However in some cases to order in consignee column is used to resell the goods or transfer the goods to a third party by the buyer.
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