How to Get The Good Right? --The Release of Goods that Buyers Should Know about
Created At: 2022-07-11

In international trade, the supplier completes the production of goods, inspects them, and ships them out, and in the process of international transportation, what mediums do purchasers use to receive their goods? And how do these mediums come into effect?

1. Original Ocean bill of lading

The bill of lading is a document of title, which is issued by the shipping company to the carrier. But the document of title can be endorsed and transferred. To transfer the right of goods by the original sea bill of lading, is the most common way of international trade in a release of goods.

Let's take an example, supplier SHIPPER A transported a batch of goods to CONSIGNEE B by sea. After the goods are loaded on the ship within about 7 working days, the shipping company will give SHIPPER A the original bill of lading. After receiving the payment, the original bill of lading will be sent to B. B can pick up the goods after the arrival of the goods, with the original bill of lading. In this way the transfer of a right of goods is completed.

The process of releasing goods through the original ocean bill of lading is simple and with low cost. For both buyers and sellers, the interests of each are also protected.

But we need to pay attention to the following two points:

1).The buyer needs to pay for the goods in a timely manner, thus urging the supplier to send the bill of lading. In order to avoid the arrival of goods, cannot pick up in time, thus resulting in additional demurrage charges.

2).After the payment of goods, e-mail notification of suppliers has been paid or screenshot water bill information, and suppliers can be the first time to understand the arrival of payments, so as to send the original documents in a timely manner.

2. The sea waybill

The sea waybill is a kind of bill of lading with the aforementioned sea, but in the transfer of the right of goods and the difference between the medium of release.

Sea waybill itself is actually a form of bill of lading release. Once issued sea waybill, cargo rights have actually been transferred from SHIPPER to CONSIGNEE, which means that CONSIGNEE can go directly to the terminal to pick up the goods, and does not need the original.

If picking up goods by the original bill of lading with the bill of lading is 90% of the trust between the buyer and seller, then, the bill of lading can be said to be 99% of the trust. This is equivalent to the supplier in the document issued from the time. There is no way to control the ownership of the goods. This situation in rem transfer mode in international trade is uncommon, because the risk borne by the supplier is too great, unless the following two situations.

1).The supplier has received the full payment from the purchaser.

2).The supplier and the purchaser have some common interests, such as the purchaser's office or subsidiary in the supplier's country. 

3. Telex release

Telex bill of loading is the supplier will be the proof of title (original bill the bill of lading) by telegraphic release of goods, that is, the supplier SHIPPER A notify the local freight forwarding company need to telex bill of lading, the local freight forwarding company notify CONSIGNEE location freight forwarding company, and then the consignee can use the telex stamped bill of lading telex pieces to withdraw the goods. The telex bill of lading process, eliminating the need to mail the original bill of lading steps, you can avoid the risk of loss of the bill of lading may encounter in the mailing process.

It should be noted that after telex release of the bill of lading, the consignor cannot control the cargo rights. So usually, the consignor will receive the final payment, and then notify the freight forwarder electric release bill of lading, to avoid the risk, at the same time, the consignor needs to bear the cost of electric release. For the consignee, the electric release of the bill of lading to shorten the transfer of cargo rights of the timeliness, is more and more people accept.

4. The destination port release order

Port of destination release in the actual international trade, is not common. Unless the bill of lading is lost or from the port of departure to the port of destination ship time is short, in the ship to the port, the bill of lading has not been signed out. The consignor needs to issue a letter of guarantee, instructing the shipping company to release the goods.

All four of the above are different ways to obtain the right of goods in international trade. Purchasers can combine their own situation and their country customs clearance procedures, choose the first three. For the supplier, regardless of which way, you need to collect all the money as early as possible to avoid the goods, money and two empty situations.

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