How should the bill of lading for entrepot trade be filled out correctly? Come and help me!
Solved#Entrepot trade#
I've just started dealing with entrepot trade and I'm not very clear about filling out the bill of lading. I wonder what the differences are in filling out information such as the shipper, consignee, and notify party between a bill of lading for entrepot trade and that for general trade? Also, are there any special precautions for filling out the goods description and shipping marks? I'm worried that filling it wrong will affect the subsequent processes. Are there any professionals who can explain in detail how to fill out the bill of lading for entrepot trade?
Professional consultant answers
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
When filling out the bill of lading in entrepot trade, first of all, the shipper is usually filled with the entrepot trader, not the actual manufacturer, which is one of the important differences from a bill of lading for general trade. The consignee is filled with the customer at the final port of destination or its designated party. The notify party is generally also the customer at the final port of destination or its freight forwarder and other relevant parties.
The goods description should be accurate and detailed, not vague or general. It should conform to the actual situation of the goods and the customs clearance requirements of the port of destination. The shipping marks should be consistent with those on the actual packaging of the goods. If there are no shipping marks, "N/M" can be filled.
In addition, the port of loading and the port of destination on the bill of lading should be accurate. If transshipment is involved, the information of the transshipment port should also be clearly marked. At the same time, pay attention that there should be no mistakes in spelling, grammar, etc. of various information on the bill of lading, so as not to affect the goods pickup and customs clearance.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
When filling out the bill of lading for entrepot trade, pay attention to the trade terms. If terms such as FCA, CPT, CIP, etc. are adopted, multimodal transport may be involved, and the description of the means of transport, etc. on the bill of lading should be more accurate.
James LiuYears of service：10Customer Rating：5.0
Foreign trade tax refund consultantConsult
The shipper information should be filled with the operator of the entrepot trade. This is convenient for controlling the goods transportation and trade process and is also in line with the trade logic.
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
The consignee information must be accurate. Once there is an error, the goods pickup at the port of destination may be blocked, and a series of commercial disputes may also be triggered.
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
Avoid using abbreviations in the goods description, unless they are recognized in the industry and will not cause ambiguity. Ensure that the description is consistent with documents such as the invoice and packing list.
Elizabeth LiYears of service：3Customer Rating：5.0
Compliance and risk managerConsult
If there are special requirements for the shipping marks, such as those designated by the customer at the port of destination, they must be filled out strictly in accordance with the requirements. Otherwise, the goods may not be able to clear customs smoothly after arriving at the port.
David LiYears of service：6Customer Rating：5.0
Senior customs declaration consultantConsult
The data such as weight and volume on the bill of lading should be consistent with the actual goods. Otherwise, problems may occur during transportation or at the port of destination.
Sarah ZhangYears of service：8Customer Rating：5.0
Document expertConsult
If the entrepot trade involves settlement by letter of credit, the filling out of the bill of lading must strictly comply with the requirements of the letter of credit, otherwise, it may lead to dishonor.
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
When filling out the bill of lading, for the information related to the transportation route, such as the estimated departure and arrival times, be as accurate as possible to facilitate the work arrangements of all parties.