What is the function of a "to order" bill of lading?

On my previous article I have explained the differences between a negotiable bill of lading and a non-negotiable bill of lading.

I have also described the importance of negotiable bill of lading in international trade on the same article.

I strongly recommend you to see my previous article titled with "How to complete consignee and notify fields of a bill of lading?" before reading this page in order to better understand today's post.

Today I want to explain the function of a "to order" bill of lading in foreign trade businesses.

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)

What does cy/cy mean on a bill of lading?

Bill of lading, which is a transport document evidences receipt of cargo, contract of carriage and represents title of goods, is mostly used in international port-to-port sea shipments.

A bill of lading should normally state the port of loading and port of discharge.

Port of loading is the place where the goods are shipped on board a vessel. Port of discharge is the place where the vessel is off-loaded and the goods are distributed to their respective consignees.

Some bills of lading contain "cy/cy" term in addition to port of loading and port of discharge.

Today I would like to explain the meaning of "cy/cy" term as seen on the bills of lading.

Top 3 Online Free Volumetric Weight Calculators

Transportation companies prepare their freight quotations based on the chargeable weight of the cargo.

In order to reach the chargeable weight, first of all you have to calculate the volumetric weight of the cargo.

Recently I have written couple of articles in regards to chargeable weight and volumetric weight. 

On one of my articles, I have explained how to calculate chargeable weight in air, sea and road shipments. 

In another article I have answered the question whether chargeable weight and volumetric weight are the same concepts or not.

Today I would like to suggest you 3 different online volumetric weight calculators all of them are totally free of charge.

Are chargeable weight and volumetric weight the same?

On my previous article I have explained how to calculate chargeable weight not only in air shipments but also sea and road shipments as well.

When I was writing my article I have read couple of websites, who mentioned that chargeable weight and volumetric weight as if they are the same concepts.

Unfortunately it is not true. Chargeable weight and volumetric weight (also known as dimensional weight) are not the same concepts.

Do you want to learn why? Please keep reading...