What is an electric release bond?
Good morning, readers.
Today we are talking to you about the contents of the electric release bond.
The shipper chooses the electric release of the bill of lading
The owner of a bill of lading is the one who has already recovered the full amount of the goods.
The bill of lading is a way for the cargo owner to collect the full amount of the goods without the need to upload the documents through the bank.
For example, in the case of near-ocean routes, short sailing schedules and
to save time, etc.
requesting the abandonment of the original bill of lading
before the ship is due to arrive by email, fax or telegram.
fax or telegram before the ship is due to arrive.
electronic document of the bill of lading is sent to the consignee.
The consignee can take delivery of the goods at the port of destination by virtue of the electronic release of the bill of lading and the electronic release of the bond.
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In this case, the
The shipping company or freight forwarder who issued the bill of lading will require the owner of the original bill of lading to issue a letter of guarantee.
If there is a transfer of cargo rights security issues by the cargo owners themselves responsible for.
As a cargo owner
If at this time we hold the original bill of lading
but the foreign buyer wants to change the bill of lading into an electric release.
At this point the shipping company or freight forwarder needs to take back the original bill of lading
and let the cargo owner sign a "electric release guarantee".
In the original bill of lading back and received after the letter of guarantee, the
The shipping company and freight forwarder will only do the bill of lading electric release processing?
It can be understood that this is a letter of guarantee for the release of the bill of lading.
Generally, when the bill of lading is requested to be released electronically
After the completion of the signature of the "letter of guarantee" represents and agrees to the transfer of cargo rights both to agree to B/L electric release.