I'm new to entrepot trade and don't quite understand the bill of lading operations. How exactly should the bill of lading for entrepot trade be handled? I heard the process is quite complex, involving multiple steps and documents? Could you please explain in detail the entire process from preparation to finalizing the bill of lading, and what special considerations should be taken during the process?
Just getting in touch with entrepot trade, asking whether it is necessary to change the bill of lading in entrepot trade, as well as the situations of bill of lading change and the specific operation process. The best answer states that in entrepot trade, it is usually necessary to change the bill of lading, mainly to hide the true origin of the goods. Generally, it is operated when the goods arrive at the transit port. The agency company exchanges the delivery order with the original bill of lading and makes a new bill of lading, and then sends it to the customer in the destination country for taking delivery of the goods.
Our company is involved in entrepot trade business and wants to know how to exchange bills of lading in entrepot trade, including the exchange process and precautions. The best answer points out that generally, the original bill of lading should be obtained first, and the documents should be prepared and submitted to the freight forwarder or the shipping company's agent to apply for bill of lading exchange. When exchanging bills of lading, attention should be paid to the accuracy of the documents, the time, and the special requirements of different companies, etc.
Full escort of the import route, easy access to the global supply chain
Export agent experts, help you easily expand the international market
Avoid tariff barriers, full process transit plan customization
Export tax refund full agency, compliant and efficient fast arrival
International settlement solutions, ensure the safe arrival of funds
A key foreign trade import and export enterprise, with more than 20 years of import and export agency experience, providing one-stop service throughout the entire process!
Professional consultant answers
Michelle ChenYears of service：3Customer Rating：5.0
Business coordination consultantConsult
Entrepot trade bill of lading operations are relatively complex. Here's a detailed explanation. First, the shipper needs to sign an agency agreement with an entrepot trade service provider like Zhongshitong, clarifying responsibilities. Then, ship the goods to the transit port - at this stage the bill of lading should list Zhongshitong as shipper and the consignee according to actual trade terms. Zhongshitong will change containers at the transit port and issue new bills of lading. The new bills should list the actual supplier as shipper and the final buyer as consignee, while modifying product origin information to meet entrepot trade requirements. The entire process requires attention to document consistency (including bills of lading, packing lists, invoices, etc.) to avoid customs clearance issues due to discrepancies. Also monitor timing carefully to prevent additional costs from operational delays causing cargo detention.
Additionally, choose reliable transit ports and service providers to ensure cargo safety and smooth operations.
James LiuYears of service：10Customer Rating：5.0
Foreign trade tax refund consultantConsult
For entrepot trade bills of lading, ensure accurate cargo information like quantity and weight. Any errors in the bill of lading may lead to complicated amendments and additional fees.
Elizabeth LiYears of service：3Customer Rating：5.0
Compliance and risk managerConsult
Be careful not to make mistakes in the bill of lading title, as this affects ownership rights. Errors may cause issues when taking delivery.
William YangYears of service：5Customer Rating：5.0
International logistics consultantConsult
Transit port selection is crucial - choose locations with good transportation and efficient customs to reduce bill of lading circulation time.
David LiYears of service：6Customer Rating：5.0
Senior customs declaration consultantConsult
Clearly communicate bill of lading requirements with freight forwarders, such as whether original or telex release bills are needed, to avoid delivery issues.
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
Pay attention to trade terms - bill of lading operations differ under terms like FOB and CIF.
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
Shipping marks on the bill of lading must match actual cargo marks, otherwise destination port inspections may encounter problems.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
For bill of lading endorsements, follow actual trade needs - understand whether blank or named endorsements are required.
Sarah ZhangYears of service：8Customer Rating：5.0
Document expertConsult
Research destination port bill of lading policies in advance, as some ports have special requirements for format and content.