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Did you know? Combining bills of lading can cut costs by a whopping 40% for Indian exporters who are shipping multiple consignments. Freight forwarding companies are handling over 25,000 combined BOLs each month, all in the name of cost optimization.

Consolidation Benefits and Applications

A combined B/L allows multiple shipments from the same shipper to go to different consignees or even multiple shipments heading to the same destination, all under one set of documents. This not only cuts down on banking fees but also simplifies the processing of letters of credit and makes customs procedures a breeze. Freight forwarding companies often utilize combined B/L for LCL consolidations, multi-drop deliveries, and grouped export shipments that need unified documentation.

Processing Requirements and Limitations

For a combined B/L to work effectively, the cargo types need to be compatible, the routing should be similar, and shipping schedules must be coordinated. All shipments also have to meet the same regulatory requirements and comply with the import regulations of the destination country. Freight forwarding companies play a crucial role in coordinating timing, ensuring proper segregation, and managing the complex documentation while keeping each shipment’s identity intact and adhering to customs compliance.

When it comes to cost optimization and efficiency, using a combined B/L can slash per-shipment documentation fees from ₹2,500 down to just ₹800 per consignment, thanks to shared costs and simplified processing. Administrative overhead can drop by 50% due to unified documentation, single banking transactions, and streamlined customs procedures. Freight forwarding companies are keen to offer combined B/L services to regular customers with multiple shipments, allowing them to achieve economies of scale and boost operational efficiency.