POSM Procurement Partner: Your Guide To Success In Retail Space
Outsourcing your promotional products can be difficult. You have to check the credibility of each manufacturer as well as their working ethics and if they can meet your standards. [...]
An important part of any shipment is the Bill of Lading (B/L or BOL).
A Bill of Lading is a legal document issued by a carrier to a shipper which determines the type, quantity and destination of the good being carried from one destination to another.
The bill of lading can be used as a traded object and has a number of purposes:
Furthermore, this document needs to be signed by an authorised representative from the carrier, shipper and the receiver.
The bill of lading must contain the following information:
Freight involves the use of many documents to ensure a smooth process. Therefore, sharing process from sourcing and production, including the Quality control and freight is extremely important for our readers.
Here are a few related blogs regarding shipping and freight that you may be interested in.
ODM Group has years of experience as a promotional marketing agency and we have been assisting our clients in providing quality promotional products. Hence, if you are interested in producing your own promotional products for your next marketing campaign, ODM Group is here to help! Let us make your shipping process hassle free as we have the expertise in producing such legal documents. So, contact our staff if you have any queries, and we would definitely be happy to assist you. Additionally, if you are looking to produce your own promotional products, ODM Group has a wide network of factories across countries like China and Vietnam. Thus, we can provide product sourcing at high quality and lower costs. However, if you are not looking for such services at the moment, you can read our blogs to gain inspiration for your next marketing/promotional campaign.
Being an extremely crucial piece of document, it can prevent asset theft if reviewed and assessed properly.
Yes, no matter the mode of transportation, the document must follow the shipment at every point of time. This is because the B/L is a contract of two parties and omission of the B/L could cause the receiver to reject the good if not in proper condition.
The carrier need not require all originals to be submitted before delivery. It is therefore essential that the exporter retains control over the full set of the originals until payment is effected or a bill of exchange is accepted or some other assurance for payment has been made to him.
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