Shipment

Shipment

Received For Shipment B/L in International Trade

Meaning of Received For Shipment B/L, according to the Dictionary of International Trade (Global Negotiator): A bill of lading which confirms the receipt of goods by the carrier, but not their actual loading on board. This document can be accepted under letters of credit only if this is expressly permitted in the opening of the letter of credit, or if the credit stipulates a document covering multimodal transport. Otherwise, received for shipment B/Ls must show an additional “on board” notation in order to be accepted as a marine bill of lading. See bill of lading; letter of credit.

Shipment in International Trade

Meaning of Shipment, according to the Dictionary of International Trade (Global Negotiator): As in consignment, the act of handing over cargo to a carrier or other transportation service provider for transport.

On board a vessel, the act of placing cargo on a vessel. This can be literally defined as passing the ship's rail. Once goods are successfully loaded, the carrier can issue a marine transportation document bearing an “on-board” notation.


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