Export documents are the core of all global business operations. They not only serve business stakeholders the purpose of record of transaction, but aid the logistics organisations with freight information and financial institutions as a tool to enable payment collection.
When considering modes of transport for your consignment that needs to be imported or exported, there are majorly two types of bills of lading involved – the airway bill and the ocean bill of lading.
Understanding these documents in your export trade
A bill of lading is a record that serves dual purposes; it acts as a receipt of consignment from you as well as serves as an agreement to deliver the consignment as part of the trade arrangement. The bill of lading is issued by authorized personnel confirming the receipt of your consignment, mode of transfer – be it road or sea, contract details and most importantly recipient information.
This document is a negotiable tool and it is feasible to endorse and transfer the bill of lading to another party while the consignment is in transit.
An Airway bill, on the other hand is a document that covers transit of goods through air. This document is not negotiable and acts merely as an acknowledgement of receipt of consignment for transport.
While the bill of lading conveys title and any consignment can be collected by the consigned person after submitting proof and original documents, in the case of airway bill the cargo is released to the named consignee and no original document proof is required.
How can Eximdesk assist you?
Eximdesk helps you generate and maintain a repository of shipment and trade related forms and varied format in documents in accordance with regulations. With a click of the button you can utilize these formats and ease your trade processes without worrying over the exhaustive task of manually filling up forms and preparing documents for proof submission!