[LillyPinon]

Hi Everyone!

My father is thinking to import a few vehicles from Japan for commercial use. We haven't deal with this exporter before this, but he is looking fair in his dealing. However, right now, we are about to make the payment, and he would ship these vehicles on the same day, but we are confused about the bill of lading.

We never imported any vehicle before this that's why we don't have experience of the bill of lading. According to many of our friends, we should proceed with the surrendered bill of lading, and we got some details from this site https://www.jluggage.com/blog/shippi...ill-of-lading/. Probably it is similar to the Telex Release https://www.investopedia.com/ask/ans...-obtain-it.asp where shipper provides original copies to the carrier, and we don't need to present the original bill of lading when we receive vehicles from the port. Do you think it is the right way to deal with this issue?

Or we should prefer and proceed with the original bill of lading which could be sent via mail or courier. What if we lost this original bill if we pick a courier option? Is it possible to get the original bill of lading via mail within a few seconds? If we go with original bill option then how long we would need to wait for it?

In short, I am asking too many questions in a single thread, but they are important for us to understand this situation. I hope you guys would share your best thoughts. Your experience would also be helpful.

[colleencam]

Bill of Lading often abbreviated as BoL or B/L is a legal document between the shipper of Japanese used cars and the carrier listing the type, quantity and destination of the cars being transported. The Bill of Lading is one of the most crucial documents associated with trade. Being a document of title, it is used as proof of transportation of vehicles in various authorities all over the world.

The Bill of Lading serves three important purposes:

As a receipt of shipment when the car is delivered to the destination port.
As an evidence for the contract of carriage.
As a document of ownership.
There are two types of B/L, either straight Bill of Lading or Order Bill. In straight bill vehicle is delivered to a chosen party, while in case of Order Bill, vehicles are shipped to the order of a named party. B/L can be both negotiable and non-negotiable. In negotiable form, B/L is issued in original and maybe consigned “To Order” or “To Order of Shipper” or “To Order of ABC Bank”. It is sometimes also known as an Order Bill. In non-negotiable form, a sea waybill may be issued instead of Bill of Lading as Under Article III of the Hague-Visby Rules, a carrier must, on demand, provide the shipper with a bill of lading; but if the shipper agrees, a lesser document such as a “sea waybill” may be issued instead.

The sea waybill does not grant title of the cars to the bearer, hence there is no need for the physical document to be presented for the vehicles to be released. The carrier will automatically release the cars to the consignee once the import formalities have been completed. This results in a much smoother flow of trade.All the used vehicles from Japan are exported to the different countries are accompanied with the Bill of Lading, no matter the form of transportation. B/L is required in almost all the countries at the time of clearing the vehicle at the destination port and must be signed by authorized representatives from the carrier, shipper and receiver. To resolve the problem of cost and inefficiency with paper Bill of Lading, electronic Bill of Lading (eB/L) is used as substitute. The eB/L is equally legal and functional to that of paper bill of lading. The core functions of B/L such as receipt, evidence of contract of carriage must be replicated by eB/L and in case of negotiable, as a document of title.

A Bill of Lading is important while claiming compensation for any damage, delay, or loss. Even while resolving any disputes regarding ownership of the car in some cases, B/L is required. The rights, responsibilities, and liabilities of the carrier and the shipper under a bill of lading (often printed on its back) are governed generally either by the older Hague rules, or by the more recent Hague-Visby rules.

Bill of Lading is an important document while shipping the vehicle. It is general an agreement between the dealer, the carrier and the buyer. If B/L turns out to be inaccurate or wrong, then one may face costly consequences such as buyer may not receive the vehicle or may lost the right of insurance.Specifically, who issues it, and the responsible parties. In summary, a bill of lading is a legal document that serves three vital purposes in the shipping process: as a receipt for shipping, as a title of goods, and as a contract of carriage. The postnord sweden tracking serves the bill of lading when they take control of the goods.