Bill of Lading (B/L) classification and carrier release methods

Answer below questions or complete the sentences.

Your choices are:

• Master B/L
• House B/L
• Original Bill of Lading
• Seaway Bill of Lading (Express release)
• Telex Release
• Straight B/L
• Shipper's order

Question

Answer

1. What is the name of the B/L once it is issued by the carrier (shipping agent)?

2. A release message sent by the shipping line to their destination office is called ..................................

3. What is the method of release once the Letter of credit is involved?

4. In case the shipper needs to speed up the documentation delivery after vessel sailing, what release method will they require from the shipping line?

5. The B/L used when goods are already fully paid for and shipped directly to the consignee/customer is called.....................

6. What is the name of the B/L once it is issued by the freight forwarder NVOCC?

7. What type of release can the shipping line issue in case of "To the order of the shipper" B/L?

8. When the shipper is waiting for payment from the receiver, he usually requires ................................. upon buyer payment.

9. The Consignee can obtain the cargo at the port of discharge possessing either one of the following release documents/ forms:

.....................

....................

....................

10. Which two methods of release eliminate the risk of the loss of original B/L?

11. When there is a high degree of trust between the shipper and the consignee what is the preferable method of release?

12. B/Ls used when cargo is purchased on credit, and are handled through a bank are called ..............................

13. What is the method of the release when the shipper and consignee are part of the same group?

14. Customs authorities at some destinations require the ........................................... for the clearance process.