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How to handle the bill of lading for entrepot trade? Are there any detailed methods?

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Our company has just entered the entrepot trade business and is not very familiar with bill of lading operations. We wonder how to specifically handle the bill of lading in entrepot trade. I've heard there are quite a few points to note, such as how to fill in the shipper and consignee information and the process of bill of lading circulation. We hope that professionals can explain it in detail so that we can complete the bill of lading operation smoothly and avoid problems in the future.

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Professional consultant answers

Michelle Chen
Michelle ChenYears of service:3Customer Rating:5.0

Business coordination consultantConsult

In entrepot trade, when handling the bill of lading, first, it is necessary to clarify the type of bill of lading. Generally, a house bill of lading (House B/L) is used. The shipper usually fills in the middleman in the entrepot trade, and the consignee fills in the buyer at the final port of destination. This can hide the information of the actual supplier.

Regarding the circulation of the bill of lading, after the goods are shipped from the supplier, the freight forwarder first issues a house bill of lading to the middleman. After the middleman obtains the house bill of lading, he books space with the shipping company in his own name, and the shipping company issues an ocean bill of lading (Master B/L). At this time, the shipper is the middleman, and the consignee is the agent at the port of destination or the party designated by the middleman. After the middleman obtains the ocean bill of lading, he endorses and transfers the house bill of lading to the buyer, and the buyer picks up the goods at the port of destination with the house bill of lading. During the operation, pay attention to the accuracy of the bill of lading information, which should be consistent with the trade contract and other documents to avoid customs clearance problems. At the same time, maintain close communication with the freight forwarder and the shipping company to ensure the timely and accurate issuance of the bill of lading.

William Yang
William YangYears of service:5Customer Rating:5.0

International logistics consultantConsult

Filling in the middleman as the shipper of the bill of lading for entrepot trade can protect the information of the supplier, and filling in the final buyer as the consignee. However, it is necessary to confirm with all parties in advance to avoid filling in wrongly.

Jennifer Wang
Jennifer WangYears of service:4Customer Rating:5.0

Market development consultantConsult

Do not make mistakes in the bill of lading circulation links. The handover between the house bill of lading and the ocean bill of lading should be timely, otherwise it will affect the progress of goods pickup.

David Li
David LiYears of service:6Customer Rating:5.0

Senior customs declaration consultantConsult

When handling the bill of lading, it is necessary to refer to the trade terms, such as CIF, FOB, etc. The details of bill of lading operations vary under different terms, so pay attention.

Amanda Yang
Amanda YangYears of service:3Customer Rating:5.0

Cost control consultantConsult

The description of the goods on the bill of lading should be accurate and detailed, consistent with the actual goods, otherwise customs clearance at the port of destination may be hindered.

Joseph Zhou
Joseph ZhouYears of service:10Customer Rating:5.0

Senior foreign trade managerConsult

The middleman should control the time well during the process of obtaining the house bill of lading and then booking space to obtain the ocean bill of lading, so as not to delay the delivery.

Robert Chen
Robert ChenYears of service:6Customer Rating:5.0

Customer service consultantConsult

Pay attention to the special requirements of the port of destination for the bill of lading. Some ports may have regulations on the format of the bill of lading, etc.

Elizabeth Li
Elizabeth LiYears of service:3Customer Rating:5.0

Compliance and risk managerConsult

The endorsement of the bill of lading should be standardized, otherwise the buyer may not be able to pick up the goods smoothly.

James Liu
James LiuYears of service:10Customer Rating:5.0

Foreign trade tax refund consultantConsult

You can find a professional freight forwarding company like Zhongshitong to help handle the bill of lading, which can save a lot of trouble.

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