How a House Bill of Lading works
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- Опубліковано 13 жов 2024
- The workflow of a House Bill of Lading in International Trade when the seller has LCL (Less Container Load) Cargo and approaches a consolidator to consolidate their goods with other sellers goods to accommodate a fully loaded container.
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What is a Bill of Lading ?
A bill of lading is a legal document between the shipper of goods and the carrier detailing the type, quantity and destination of the goods being carried. The Bill of Lading is a receipt of shipment when the goods are delivered at the predetermined destination. This document must accompany the shipped goods, no matter the form of transportation, and must be signed by an authorized representative from the carrier, shipper and receiver.
In this video we will be looking at How a House Bill of Lading works in international Trade.
A House Bill of Lading (HBL) is a document created by freight forwarder or non-vessel operating company (NVOCC). What is NVOCC? NVOCC is a company that organizes shipment for sellers that have Less Container Load Cargo also known as LCL Cargo which is when the seller does not have sufficient cargo to fully accommodate a loaded container.
A House Bill of Lading provides the information of the shipper, who delivers the shipment to the freight forwarder, and the consignee, who the freight forwarder delivers the shipment to. The document also includes specific information about the items shipped.
This video is designed to provide those operating within International Trade : Exporters, Importers, Bankers & Insurers, Freightforwarders and Carriers an opportunity to broaden their understanding of How a House Bill of Lading works in International Trade.
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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
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Thank you mam. I didn't understand how House bill is make but as i see your video i completely understand how house bill is create.
The graphical presentation is excellent, words are precise and concise. Thanks a lot.
thanks for your comment
Very helpful and much needed thankyou
Very nice & clean explanation, Thanks!
Really nice explanation. 👌
Clear and concise. Thanks. From singapore!
Reza Razak thanks for leaving a comment !
Understood very clearly - thanks !
thanks
Pretty good video, thanks
this video is awesome, very objective! thank you
thanks !
many thanks for the video sharing, simple diagram.
thanks for your comment
Excellent video
Thank you very much!
Well explained 😊
nice video.
thank you very much.
Super super But it should be a slowly and stop some where with more small diagram pictures and explanation can help us to understand more easy thank you very much dear.
This video is very informative thanks for your sharing of knowledge.
thanks for your comments
Great work
Thanks
Best information
thanks
thank you so much
I have came across with a case that one master B/L contained ONE house B/L only. It seems different to the situation of LCL. Do you know what happened?
Hey thank you. Well explained.
thank you for your comment
Great job dear, thank you.
thank you for your comment
Thanks for the information
thanks for your comment
How the frieght forwarder A send the house BL document to freight forwarder B? Is it by email or they send the hardcopy via air transport?
thank you very informative...
thanks for your comment
I want to ask how can those buyers can make payment to the bank when they have the House bill of lading only?
The special sound effects spoil the soup
Is house bl only for lcl?
Please guide us on trade finance relate to bills of exchange, promissory note, irrerevocable undertaking.
thanks for your comment.
👌
superb
thanks for your comments
nice one thanks
Thanks for your comments
Can you make a video how to switch BL? Like I stay in one country 1, I buy from country 2 and sell to country 3... when I send my goods to country 3 I don’t want my buyer to know my seller... so what to do in this situation and how to change BL from my name to my buyer name ??
thanks for your comments - noted
The shipper can be yourself and the consignee can be your customer
वैरी गुड्स
please share digram
Please stop the unwanted noise in your vedio
thanks
thanks !
Thanks