The master Bill OF lading Is issued by Shipping Line and The HOuse Bill Of Lading is issued by the freight forwarder
Non negotiable bill of lading
FIO is not an Incoterms Free in and out is related to the terms on a ocean bill of lading. is the international shipping term used in the ocean freight industry means that the carrier is NOT responsible for the cost of loading and unloading gods onto/from the vessel.
In general export documentation refers to the bill of lading, or shipping document, the commercial invoice reflecting the transaction between the buyer and the seller, the packing list showing the goods actually being sent and, occasionally, a certificate of origin or some other supporting documentation. Though, these documents are usually commodity specific.
Shipping Bill/ Bill of Export is the main document required by the Customs Authority for allowing shipment. A shipping bill is issued by the shipping agent and represents some kind of certificate for all parties, included ship's owner, seller, buyer and some other parties. For each one represents a kind of certificate document.
The master Bill OF lading Is issued by Shipping Line and The HOuse Bill Of Lading is issued by the freight forwarder
The party shipping the commodity.
A request for release for shipment bill of lading is a request to obtain the bill of lading (B/L). A Bill of Lading is a receipt for something that was accepted.
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A telex release bill of lading is a shipping document that allows for the release of cargo to the consignee at the destination port without the need for the physical bill of lading to be presented. This process is initiated by the shipper, who requests the shipping line to send an electronic message (telex) to the destination port, authorizing the release. It facilitates quicker and more efficient cargo release, especially in cases where the original documents may be delayed. This method is commonly used in international trade to streamline logistics and reduce waiting times.
Bill of Lading Issued by carrier. Showing Consignee, Exporter, quantity of goods, Type of godds, etc. Bill of exchange Issued by exporter/shipper. Showing amount of goods. This used to exchange the shipping documents within shipper and buyer through bank.
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The person responsible for having the shipment may very depending on the terms listed in the bill of lading. The Bill of lading lays out the terms between the merchant and the shipping company when moving cargo.
The person shipping the item fills out the bill of lading. It lets the shipper know what's being shipped, the quantity, and where the goods are being shipped.
The shipper has to be willing to agree the terms of a telex release. If the shipper will agree to have a telex release issued all they need to do is inform the carrier or freight forwarder that the bill of lading needs to be a telex release instead of an original bill of lading. Normally, the shipper will only agree to a telex release if the consignee pays for the goods prior to shipping, otherwise the shipper will not have any recourse with a telex release if the consignee fails to pay.
Telex release and express bill of lading are both methods for facilitating the release of goods without the physical presentation of the original bill of lading. A telex release involves the shipping line sending a message to the destination port confirming that the consignee can collect the cargo, often used when the original document is lost or not available. In contrast, an express bill of lading typically indicates that the goods can be picked up upon presentation of identification, without needing any original documentation. Both methods expedite the release process but differ in their procedures and documentation requirements.