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Explained about Type of B/L. What is the difference between Original B/L, Surrendered B/L, Waybill? - YouTube
Channel: Logistics YouTuber - IINO san
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today I clearly talk about types of BL
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in international logistics before
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talking about types of BL let's overview
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the basic role of BL BL is an important
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document in international logistics and
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an importer must obtain BL for picking
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up a cargo then BL is exchanged for do a
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delivery note the importer picks up the
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cargo with a deal
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note that BL is not the only requirement
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to pick up a cargo BL has to be
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exchanged to do for picking up a cargo
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the basic role of BL is explained in
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another video check the link in the
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explanation section of this video for
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more details now let's look at types of
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BL the main three types are as follows
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original BL surrendered BL Seaway bill
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let's take a look at a one by one first
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original BL original VL is issued in
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three copies it comes in a set of three
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you may have a three copies in two
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deliveries to avoid loss risk as a
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business custom original vo as the name
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implies is original an importer must
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have original vo not a copy to pick up a
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cargo let's take a look at original VL
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flown when a vessel leaves a port
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original VL is issued and sent by an
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export sign forwarder the exporter sends
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original VL to the importer by courier
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such as DHL or FedEx once the vessel
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arrives at a port an import signed
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forward or issues the L getting original
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VL the importer exchanges it for DL this
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is the flow of original VL next
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surrendered BL surrendered BL is also
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commercially referred to as surrender
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surrendered VL is featured as speed and
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copy is acceptable first of all what
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does surrender mean surrender means
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collecting VL by an original land which
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means collecting BL at exporting side
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once it is surrendered VL may not be
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original the importer can get deal by
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getting a BL copy instead of original
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surrendered by Ellis stamped as
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surrendered and telex release telex
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release means the same as surrender
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why is surrender bl4 nowadays due to
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high speed of a vessel it may arrive at
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a port before original VL is issued and
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reaches an importer especially marine
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transport takes only three or four days
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to get to near country's ports
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unimportant quickly pick up cargo
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without original VL however unlike
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original VL which sends the original
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document an exporter can surrender BL by
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instructing a forwarder and paying the
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cost at export side the exporter emails
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the copy of BL to an importer and it's
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done the importer can exchange the BL
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copy for DL this allows for speedy trade
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transactions it also reduces the risk of
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losing VL finally C waybill C Wavell is
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a bit different from VL and it is not a
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security this will be explained at
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another time but waybill is not used for
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any trade using LC but Weibo has a big
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advantage once ye bill is issued and the
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importer is identical to the cassini
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in the document he can easy to pick up
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the cargo in addition there is no
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courier delivery cost of original VL and
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surrender costs for surrendered BL
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Seaway bill is easy fast and cheap the
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flow goes like this an exporter
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initially asks for waybill to be issued
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not be out once the vessel depart
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support Wavell is issued and a copy is
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sent to an exporter the exporter emails
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the copy to an importer the importer can
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pick up dl being proved to be the
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waybill owner in the extreme if waybill
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is issued and the importer can prove
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that to be its owner the cargo can be
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picked up any way quick and easy is what
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makes Seaway bill so special however
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there is also a risk associated with it
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because one Swain bill is issued the
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cargo can be picked up the exporter may
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have a payment collection risk
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if its original BL or surrendered BL you
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can control the payment with waybill it
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is more difficult therefore in order to
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use Seaway bill the business
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relationship with your trading partners
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will be important such as parent and
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subsidiaries or a long business track
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record today I talked about types of BL
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original BL surrendered BL see waybill
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each of these BL s has its own
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characteristics please make sure you
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understand this content for your
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logistics job
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