bill of lading

[vil]

Dear teachers,

Would you be kind enough to give me your considered opinion concerning the usage of the expression in bold in the following sentence?

10% in cash within thirty-five days of presentation to the Raiffeisen Bank International, in London of a complete set of original Bills of Lading accompanied by three copies of invoices, two copies of specification, one copy of a Release for Shipment issued by the Buyers, Inspectors and one copy of Guarantee,

bill of lading = certificate of receipt issued by the buyers’ forwarding agent.

V.

[Route21]

Hi Vil

A "Bill of Lading" is actually somewhat more than a simple receipt for goods handed over by a "carrier" (such as a freight forwarding company) to a "shipper" (such as a Shipping Company).

See Bill of lading - Wikipedia, the free encyclopedia for a more definitive description of Bills of Lading.

If you are reading anything related to logistics you may also need to be aware of "Incoterms": see Incoterms - Wikipedia, the free encyclopedia

Hope this helps
R21

PS In receiving the packages, the shipper doesn't unpack them to check their contents, but records that they have received a specific number of packages, with individual weights and dimensions listed, along with a declared list of contents, with no apparent damage to the packages and they have been loaded on the vessel for shipment.

[vil]

Hi Route21,

Thank you for your further information about the term in question as well as for the helpful links.

V.