Bill of Lading : Types of Bill of Lading & Bill of Lading Samples

This video covers What is a Bill of Lading, The Types of Bill of Lading,Samples of Bill of Lading

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Methods of Payment in International Trade
   • Methods of Payment in International T...  

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
http://tradelinks.com.my/bill-lading-...

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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