Problems exist in connection with "to order" bills of lading for Latin American countries, where delivery of incoming cargo is the function of the customs National government authorities that control imports, inspect imports, and collect duties levied on both imports and exports authorities and is not entrusted to steamship lines or their agents. The laws of a few Latin American countries prohibit "to order" bills of lading, and in some other Latin American countries, these bills are not accorded the same protection as in other parts of the world, notably in Europe and the U.S.
In shipping parlance, a distinction is made between a bill of lading made out to the order of the shipper and a bill made out to the order of the consignee. The latter bill does not give the shipper as much protection as a bill drawn to its own order. As a rule, when a bill of lading is to the order of a consignee, the consignee can get the goods from a steamship line by posting a bond A promise under seal to pay money; an IOU or promissory not A legal and binding promise by a debtor (the promisor) to pay a certain sum of money to a creditor (the promisee) at a future date, usually with interest at a fixed rate. e issued as evidence of long-term indebtedness. without presenting the bill of lading.
Negotiable Quality belonging to a document to transfer ownership of money, goods, or other items of value specified in the document by endorsement and/or delivery of the document. Bill Of Lading
When a bill of lading "to order" is endorsed in blank (signed on the reverse), it becomes negotiable and the carrier will deliver the goods to the party that presents it. While all original bills of lading (full set All signed originals of a document. For example, bills of lading are often issued in three originals, all having the same validity for claiming goods at the place of delivery. ) are negotiable, one alone is sufficient to obtain the goods. On the other hand, if bills are drawn to order of the consignee, only their endorsement Writing one's name upon paper for the purpose of transferring the title. makes it negotiable. If they are drawn to order of the shipper, then the shipper must endorse it before it can be transferred and, therefore, before the goods it represents can be conveyed to a third party. The endorsement itself can be made to a specific third person or firm, a bank, or in blank.
While one endorsed copy is sufficient, the full set of originals should be endorsed. Along with the original endorsed bills of lading, the remaining copies generally are kept by the shipper and carrier for their records.
Where collection and payment is through banking channels, as under a letter of credit A financing instrument issued by a bank in favor of an exporter that substitutes the bank's creditworthiness for that of the importer. or documentary collection The presentation of documents, through banking channels, relating to the shipment of goods from an exporter (seller) for payment or acceptance by an importer (buyer). (See also Collections.) presentation The beneficiary delivers the documents to the advising bank to negotiate on the seller's behalf. of documents, through banking channels, relating to the shipment of goods from an exporter (seller) for payment or acceptance by an importer (buyer). (See also Collections The process of prompting for and obtaining payment of a debt or other outstanding obligation. Collection actions to secure payment of a past due balance. (See also Documentary Collection.) .) presentatio nBills of Lading (B/L) Www Cams En Xs 9381df o Sex Hot Vidos pBills of Lading (B/L) Www Cams En Xs 9381dt Real j j Nasty Youtube