What is a switch bill of lading and when is it used?
The switch bill of lading is also considered a confidential bill of lading and this bill of lading is only used and issued for international transportation. In fact, this bill of lading will replace the original bill of lading when the intermediary wants the seller’s information to be confidential.
As you know, in today’s world, with the advancement of technology and the great speed with which we move towards globalization in all matters shipping companies are dealing with more transactions, and trade and commerce are more prominent than ever. Meantime, some companies have the ability to hide the details of the factory or the buyer so that it is not clear where and how the goods were purchased, this is called a bill of lading switch. In the following, we will provide more details in this regard, follow us.
What is a switch bill of lading?
As mentioned, the world of transportation has become much more complex today due to the advancement of technology and it is possible to change bill of lading documents even while moving and transporting goods. So that the destination can change and even the route can be changed. Some of these changes and corrections are very simple and can be easily changed., in some cases, a switch bill of lading is required.
Different types of bill of lading
When we export and import goods, we can say that the bill of lading of this goods can be issued in three ways:
- Direct bill of lading is issued in the name of the owner of the goods and is known as (Direct B / L) or (Straight B / L). This type of bill of lading is non-transferable and non-marketable.
- Bill of lading in Telex form, in this case the main draft of the bill of lading has not been issued and its corrections are systematic. This type of bill of lading is called BL. It is also non-transferable and for sale.
- The bill of lading in which the phrase “TO ORDER” is expressed, in the buyer’s details section, can be named as a transferable document.
Now that we explained about the different types of bill of lading we can say it is known as a document in which the information of the contract with the carrier is expressed. It is also known as a receipt of goods and document of title.
What kind of bill of lading is switch bill of lading?
According to the explanations provided in the previous paragraphs, it can be said that the switch bill of lading is not another type of bill of lading and can only be in exchange for the first bill of lading or an alternative to the first bill of lading issued by the shipping company. The reason for using the switch bill of lading also depends on many things. For example, it can be said that if there are changes in the main business conditions, the switch bill of lading can be used. When the seller does not want the buyer to specify the name of the real exporter for the buyer, he uses a switch bill of lading. When the seller does not send the goods to the desired destination, he can use the switch bill of lading. When the seller does not want to use Iranian shipping or air transport, he uses a switch bill of lading. The seller can also use the switch bill of lading when the seller sends the goods to the country from which the remittance was sent.
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