WHAT IS A SWITCH BILL OF LADING AND WHEN IS IT USED...?
Nicodemus Kilonzo
![Nicodemus Kilonzo]()
Nicodemus Kilonzo
General Manager @ Transmeridian | Customs Clearance | Global Freight Forwarding | Bulk Liquid Logistics | Flexi Tanks and ISO Tanks | Project Cargo | Break Bulk Cargo | Transport
The world of shipping and freight is very dynamic and several changes may happen during the course of a shipment..Destinations can change, cargo routing can change, cargo release parties can change and even important documents such as a Bill of Lading may be subjected to changes..Some may be simple amendments, but in some cases, the changes or requirements may necessitate the issuance of a Switch Bill of Lading.Before we look at what is a switch bill of lading, let’s review the types of bills of lading and how these are issued.https://www.dhirubhai.net/feed/update/urn:li:activity:6573537795397177344
stocks and assets coodinator Al Tayer Group
5 年A switch Bill of Lading refers to a second set of Bill of Lading issued by the carrier (or its agent) to substitute the original bills of lading issued at the time of shipment, and is used when a “triangle trade” takes place. In other words, it will be employed in the event that an importer is purchasing products from a middleman or a distributor as opposed to the manufacturer itself