![]() Customs Bond What is a customs bond?Ī mandatory US shipping document, a customs bond is required for clearance of commercial goods above USD 2,500. You can then request the issuer of BoL for a duplicate copy. In that case, prepare a letter about the loss to the carrier and a letter of indemnity releasing the carrier from liability if the original BoL is found. Suppose the shipper (you) loses the original bill of lading. What if I lost my original bill of lading? ![]() However, they must specify the number of bills issued on it. How many bills of lading can be issued?īesides the mandatory three BoLs for shipper, carrier, and receiver, the carrier can issue any number of bills of lading. No, you cannot execute your ocean shipment without a bill of lading, as it is evidence of the contract of carriage. In contrast, a bill of lading is issued when the freight is loaded onto the vessel before transit. Lastly, a commercial invoice is issued before the shipment leaves the consignor. Unlike a bill of lading, a commercial invoice does not show ownership or title of the goods sold. While the shipper issues a commercial invoice, the carrier issues a bill of lading. What is the difference between bill of lading and commercial invoice? However, it’s the shipper’s responsibility to provide accurate information about the freight. The carrier (VOCC) or ocean transport intermediary (like a freight forwarder or NVOCC) fills out the information on the bill of lading. Master bill of lading: Issued by the vessel owning common carrier (VOCC).House bill of lading: Issued by the non-vessel owning common carrier (NVOCC) or ocean transport intermediaries (OTI) like freight forwarders.What are the different types of bills of lading?ĭepending on the issuing authority and purpose, there are several types of BoLs, such as house bill of lading, master bill of lading, container bill of lading, straight bill of lading, and charter bill of lading. However, when the BoL is non-negotiable, it does not serve a title of ownership. ![]() Why is a bill of lading important?Ī bill of lading carries out three essential functions: It is signed by the carrier, shipper, and receiver or their respective agents. Similar to a commercial invoice, it contains all essential details of the shipper, receiver, goods, and shipping terms.īoL is a negotiable document, i.e., an authorizing signature can transfer ownership from one party to another. Bill of lading (BoL) What is a bill of lading?Ī bill of lading (BoL or B/L) is another important legal document for shipping goods to and from the US. A customs invoice is also called a pro forma invoice with the label “customs” or “pro forma” on the top. However, a commercial invoice is issued before the delivery of goods by the exporter, while a customs invoice is issued after the actual delivery of goods by the importing country's customs. What is the difference between a customs invoice and commercial invoice?īoth are used for cross-border shipments. The first two are put outside the consignment, and the last one is placed inside the package for the recipient. One copy for the country you are importing to.One copy for the country you are exporting from.Usually, you require three copies of commercial invoices for the US import/export process: How many commercial invoices do I need for US shipping? ![]() No, all details on the commercial invoice are filled in English only. The customs authorities use a harmonized system code or HS Code to identify the category of goods and assess duties on the imported items.Ĭan I fill the commercial invoice in any language? Yes, an accurate HS code is a must in the commercial invoice. You cannot begin the shipping process without a commercial invoice.ĭo you need an HS Code for the commercial invoice? Do you need a commercial invoice to ship to the US?Ībsolutely yes. That’s why sellers (or exporters) are advised to provide accurate information in this document. ![]() It is also used for customs declaration by the US Customs and Border Protection (CBP).Īny falsification or lack of information in the commercial invoice could lead to complete rejection of cargo or even severe legal ramifications. It is a mandatory, legally required document while shipping to and from the US, i.e., you cannot ship without a commercial invoice. The seller (consignor, exporter, or shipper) issues the commercial invoice to the buyer (consignee, importer, or receiver) - on or before the dispatch of goods. Who is responsible for creating a commercial invoice? ![]()
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