Railway B/L is a railway transport document issued by the railway carrier after receiving the goods. It is a transport contract between the consignee and the consignor and the railway department. International railway transport uses the “SMGS Railway Waybill”, and domestic railway transport uses the “Cargo Receipt” (used for exports to Hong Kong and Macao).…
Ocean bills of lading can be classified from different perspectives. The following are several commonly used classifications. (1) According to whether the goods have been loaded on board, they are divided into two types: On Board B/L and Received-for Shipment B/L. On Board B/L refers to the bill of lading issued by the carrier after…
Shipping Advice is an indispensable and important clause in a sales contract. Its purpose is to clarify the division of responsibilities and risks between the buyer and seller and to jointly coordinate the connection between the ship and the cargo. The main contents of the Shipping Advice under different transaction conditions are as follows. 1.…
Ocean Bill of Lading (B/L), also known as bill of lading, is a document issued by the captain, shipping company or its agent to prove the establishment of a contract for the carriage of goods by sea, that the goods have been taken over or loaded by the carrier, and to ensure that the goods…
Sometimes, the actual consignee is not at the port of discharge. In this case, after the goods are discharged at the port of discharge, they need to be transported to the final destination through the next leg of transportation. If there is a need for such continued transportation in actual business, the parties usually need…
In the early stage of product release, you need to prepare keywords, product names, product pictures (upload picture banks), as well as product parameter tables and corresponding descriptive text. After all the information is prepared, the product release stage will begin. The specific steps are as follows. Step 1: Log in to www.alibaba.com, click the…
my country’s export business uses negotiation letters of credit more often. There are three main methods for export settlement of this type of letter of credit. 1. Settlement of exchange upon receipt Also known as payment upon receipt. After receiving the documents submitted by the beneficiary, the negotiating bank will send the documents to the…
A transferable L/C is a L/C that is specifically stipulated to be transferable. A transferable L/C can be redeemed in whole or in part by another beneficiary (second beneficiary) at the request of the beneficiary (first beneficiary). A transferable L/C can only be transferred once. When the importer opens a transferable L/C, it means that…
1. Documentary credit and clean credit A documentary credit is a credit that is paid, accepted or negotiated against a documentary bill of exchange or documents only. The “documents” here refer to shipping documents that represent the ownership of the goods or prove that the goods have been shipped, namely, transport documents and commercial invoices,…
A sight letter of credit (sight L/C) is a letter of credit that the issuing bank or its designated paying bank will pay immediately upon receipt of bills and/or documents that meet the terms of the letter of credit. When using a sight letter of credit for payment, the importer must immediately repay the funds…