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Trade Finance

What are the financial implications of Bill of Lading?

Answers 1

The bill of lading is one of the most important documents in the shipping cycle as it can have severe financial implications and delays at the port of discharge. If you are a forwarder or shipping agent, you need to understand the role of this important document and which type of bill of lading to issue, which shipment and the destination. You should know the process of export or import, the intricacies involved while you issue a House of Bill of Lading and a Master Bill of Lading. It is also important to ensure that the correct type of bill is issued, whether it is a Seaway bill or Original. The transport mode should also be considered and the type of Bill namely Combined transport, Multi-modal or Port to Port should be decided upon.


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