How should the bill of lading for entrepot trade be displayed appropriately? Come and consult everyone!
Solved#Other issues#
Our company is currently engaged in entrepot trade. We haven't been involved in this area before, and now we don't know how to display the bill of lading. It is said that the display of the bill of lading is very crucial. If it is wrong, it may affect a series of processes such as the transportation and customs clearance of the goods. Is there any knowledgeable friend who can talk about how the bill of lading for entrepot trade generally displays the information of the shipper, consignee, notify party, etc.? And what should we pay attention to regarding the description of the goods?
Professional consultant answers
James LiuYears of service：10Customer Rating：5.0
Foreign trade tax refund consultantConsult
In entrepot trade, the display of the bill of lading is indeed of great importance. Firstly, the shipper usually shows the entrepot trader, that is, the entity that operates the entrepot like Zhongshitong, rather than the factory that actually produces the goods. This can protect the information of the real source of goods. The consignee can show the customer at the final destination port, and the notify party can also write the final consignee or its designated agent to facilitate the notice of pick-up.
Regarding the description of the goods, it should be accurate and concise, avoiding vague or ambiguous expressions. If it involves sensitive products, the description should be more cautious to prevent problems when the customs at the destination port inspects. At the same time, it should be consistent with the description of the goods on the trade contract and other relevant documents to ensure the coherence and accuracy of the entire trade process and avoid affecting the customs clearance and pick-up.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
The shipper on the bill of lading writes the entrepot trade operator, so that the information of the real supplier can be hidden and the customer at the destination port can be prevented from directly contacting the supplier.
William YangYears of service：5Customer Rating：5.0
International logistics consultantConsult
The consignee is according to the agreement with the customer. If the customer at the destination port clears the customs and picks up the goods by himself, write the name and address of the customer's company.
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
The notify party generally writes the contact information of the consignee to facilitate the notice by the shipping company when the goods arrive and ensure that the goods are picked up in a timely manner.
Jennifer WangYears of service：4Customer Rating：5.0
Market development consultantConsult
The description of the goods should not be too complicated. Just write clearly the basic information such as the name and model of the goods and keep it consistent with that on the packing list.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
For the bill of lading of entrepot trade, writing the entrepot trader as the shipper, the final buyer as the consignee, and the person who can be contacted for pick-up as the notify party is a more reasonable arrangement.
David LiYears of service：6Customer Rating：5.0
Senior customs declaration consultantConsult
The description of the goods should be based on facts and not be falsely reported. Otherwise, it will be troublesome if there are problems with customs clearance.
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
If the shipper is not written as the entrepot trader on the bill of lading, the information of the real supplier may be leaked, which is unfavorable to the entrepot trade.
Elizabeth LiYears of service：3Customer Rating：5.0
Compliance and risk managerConsult
The information of the consignee should be accurate without error. Otherwise, the goods may not be delivered in a timely manner when they arrive at the port.