This video covers What is a Bill of Lading, The Types of Bill of Lading,Samples of Bill of Lading
Methods of Payment in International Trade
Bill of Lading Sample
1. Bill of Lading (Port to Port Shipment)
2. Multimodal Transport Shipment
3. Non-Negotiable Sea Waybill
4. Charter Party Bill of Lading
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Once the contract is signed depending on the method of payment used. The Seller ultimately ships out the goods via the Shipping Agent. The Shipping Agent will then issue 2 sets of documents viz the Non-Negotiable Bill of Lading & Original Negotiable Bill of Lading.
The Seller forwards the shipping documents & Bill of Lading to the Buyer. The Buyer forwarded the Bill of Lading to the Shipping Agent who issues the Delivery Order to the Port for the release of the goods. The Shipping Agent handed over the goods to the Buyer.
So What is a Bill of Lading ?
This video talks about the Bill of Lading definition according to 1907 Halsbury’s Laws of England
Next, we will look at the function of the Bill of Lading
1. The bill of lading acts as a Receipt for Goods.
2. The bill of lading is an evidence of Contract of Carriage
3. The bill of lading is also a Document of Title to the Goods
Questions addressed in this video includes
1. When a Bill of Lading is issued, normally in 3 original copies. So why is it that 3 Original Bill of Lading copies is being issued?
2. Who are the parties involved in the Bill of Lading?
The parties covered are Carrier, Shipper, Consignee, Notify Party, Named Agent ,Master (Captain) .
3. Next, we look at to whom the Bill of Lading can be consigned to
The UCP 600 outline the following types of sea transport
1. Bill of Lading (Port to Port Shipment) Article 20 UCP 600
2. Transport Document Covering at least Two Different Modes of Transport (Multi Modal Transport Document) Article 19 UCP 600
3. Non-Negotiable Sea Waybill Article 21 UCP 600
4. Charter Party Bill of Lading Article 22 UCP 600
Samples of Bill of Lading – Download the samples in the link below
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This video was produced by
1. Mr. Billy Fong Goon Poy, ACIB, MITD, Master Trainer
2. Ms Sook Ling, Online Content Creator
Tradelinks Resources conducts public training programs for the following International Trade courses in Malaysia
1. Incoterms 2010
2. Letters of Credit
3. Bills of Lading - Correct Preparation To Avoid Rejection by Banks
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Tradelinks Resources thank you soo much for all the information! Subscribed! I want to import a motorcycle from Thailand 🇹🇭 to USA 🇺🇸, do you have any information on , how to do that ? I would appreciate your help and also send a donation! Thank you ! Very good video! 😃👍
This is an antiquated form of tracking freight and should be done away with. I think electronic tracking and signing by carriers is muck better because freight might pass through 5 different trucks and warehouses before delivery
this video is very good and helpfull to understanding about cargo industry. but it's better if the host appears be vanished. this is just my opinion to make this channel more attractive to see. thank you :) like this channel
Thank You! Your Video was so simply informative, helpful and understandable keep it up, can you make an video on management aspects such as Fuel Economy & Bunker Management. I mean, how the purchasing of bunker is made? an also the Incoterms and types of it!!!
+basit karim You are such a moron..you can keep it by yourself war and religious.. this is youtube. People are here to give or share free information about shipping documents.. What so great about Kashmir?? most of them who live in kashmir are morons..they get killed by India army or the Pakistan army for trespassing the border. First try to live as human. then you can bring in your religion matter.
Rajendra you can keep your Kashmir in india..so whats wrong with map. Can't you know it's just an example or unofficial display purpose. Have you used Google map before?? If no, please goand try it out today to view your india land map.. person in the video is sharing useful information about shipping DOCUMENTS. When you mentioned this thing..there is one more idiots from Kashmir talking going to bombed in youtube comments below.. First you to set your brain to give and take policy..you got that...
I am from Kashmir. A born Muslim Kashmiri. Kashmir a Muslim majority state, is a disputed territory, occupied by India through it military against the will of people of Kashmir since 1947. It is yet to be resolved according to the United Nations Security Council Resolution 47, which was adopted on 21 April 1948 and clearly instructed for a plebiscite to decide the fate of Indian Occupied Kashmir. The freedom struggle is in its full boom and Kashmiri Muslims are united for there just cause and that is Freedom From the Occupied 700,000 active troops stationed in Kashmir under the headquarters of three military corps.
Long Live Kashmir Freedom Struggle, Long Live Brave Muslims of Kashmir, Long Live Muslim Countries in the World. Islam has bonded all Muslims in the world as One Great Umaah...... Islam Jindabad... Rok sako tuo Rok k Dikao,,,,, Cheen sako tuo cheen k Dikao...... Kashmir banay ga Pakistan. PAKISTAN say rishta kia? La ilaaah ill lal laah !!
By any chance, you can please make a video to explain relationship between different consignee, like "to order of shipper, to order, to order of bank", what does that mean? I heard BOL travels between exporter and importer, and they endorse.. the importer's bank? But I am not 100% sure what does that mean... would be great if you can make a video about that.
A trigger is a named PL/SQL unit that is stored in the database and executed ( fired ) in response to a specified event that occurs in the database.
Overview of Triggers.
A trigger is a named program unit that is stored in the database and fired (executed) in response to a specified event. The specified event is associated with either a table, a view, a schema, or the database, and it is one of the following:
A database manipulation (DML) statement ( DELETE , INSERT , or UPDATE )
A database definition (DDL) statement ( CREATE , ALTER , or DROP )
A database operation ( SERVERERROR , LOGON , LOGOFF , STARTUP , or SHUTDOWN )
The trigger is said to be defined on the table, view, schema, or database.
A DML trigger is fired by a DML statement, a DDL trigger is fired by a DDL statement, a DELETE trigger is fired by a DELETE statement, and so on.
An INSTEAD OF trigger is a DML trigger that is defined on a view (not a table). The database fires the INSTEAD OF trigger instead of executing the triggering DML statement. For more information, see Modifying Complex Views (INSTEAD OF Triggers).
A system trigger is defined on a schema or the database. A trigger defined on a schema fires for each event associated with the owner of the schema (the current user). A trigger defined on a database fires for each event associated with all users.
A simple trigger can fire at exactly one of the following timing points :
Before the triggering statement executes.
After the triggering statement executes.
Before each row that the triggering statement affects.
After each row that the triggering statement affects.
A compound trigger can fire at more than one timing point. Compound triggers make it easier to program an approach where you want the actions you implement for the various timing points to share common data. For more information, see Compound Triggers.