In most cases, the ocean bill of lading is the document of cargo right (in some transactions, problems may arise due to special circumstances). After the seller (consignor) delivers the goods to the carrier (ship), the carrier shall issue a set of bills of lading to the seller.
A set of bills of lading may have more than one original, usually 1-3 originals. Any original can be used as the delivery certificate. Therefore, the buyer shall ask the seller for a full set of original bills of lading.
After the consignor delivers the goods, the bill of lading can be delivered to the consignee through the bank (documentary L / C or collection settlement), or directly by post, or transferred to the consignee by person.
The consignee should pay attention to the notifying party on the bill of lading. After the goods listed in the bill of lading arrive at the port, the ship will notify the notifying party, and then the notifying party will notify the consignee to take delivery of the goods at the port with the bill of lading. The time for the delivery party to collect the money depends on the settlement method agreed upon by you. If it is an irrevocable L / C at sight, after the bill of lading and other negotiation documents are delivered to the bank, the bank can negotiate the payment to the shipper. If it is a usance letter of credit or other settlement methods, it needs to be analyzed in detail.
