How to complete consignee and notify fields of a bill of lading?

Today on this post, I will be explaining with examples one of the key elements of a bill of lading in international trade.

Bill of lading is a negotiable transport document, only when it is issued in a negotiable form.

Negotiable bill of lading plays a key role in international export-import transactions, where the exporter or exporter's bank does not want to release the goods to the importer without surrendering at least one original bill of lading to the carrier's agent at the port of discharge.

Today on this article I will try to answer below questions:

• What is a negotiable transport document? 
• What are the differences between negotiable bill of lading and non-negotiable bill of lading? 
• How does a bill of lading could be issued in a negotiable form? 
• What is a consignee field on the bill of lading? 
• What is a notify field on the bill of lading? 
• How to complete consignee and notify fields of a bill of lading? (explanations with examples)

How to complete airport of destination field according to L/C rules?

Air waybill is a transport document, which is issued in international air cargo shipments, verifies not only receipt of cargo by the carrier but also evidences contract of carriage as well.

Air waybill is not a negotiable document, which is a non-negotiable document, as a result it does not represent title of the goods.

Consignee can collect the goods from the carrier by identity approval without the need of surrendering at least one original copy of the air waybill at the airport of destination.

 

Airport of destination is one of the key fields of an air waybill, along with airport of departure, as these are the first two points that banks control during document checks under letter of credit transactions.

Today I would like to explain you how to complete the airport of destination field correctly according to letter of credit rules.

How to complete consignee and notify fields on an air waybill?

Air waybill is a non-negotiable transport document, which is issued by the air cargo carrier or its agent on behalf of the carrier, used in international air shipments.

Just like other non-negotiable transport documents, air waybills cannot be issued "to order" or "to order of a named company (such as banks)".

As a result air waybills must be issued straight, in other words, consigned to a named company.

Today I would like to explain consignee and notify fields of the air waybill and how to complete them correctly.