Thanks
Quoting from [Ellango]:
Can someone explain the methodology of switching the B.L
Thanks
If i got you correctly did you mean 'switch BL' it's made to hide original shipper from the consignee it's 2nd Set BL issued by the agent either at the point of origin or in any other country it is mostly used for third party shipment where exporter is in other country and indentor or seller to consignee is from another... !!!
Thanks
Quoting from [loyals]:Quoting from [Ellango]:
Can someone explain the methodology of switching the B.L
Thanks
If i got you correctly did you mean 'switch BL' it's made to hide original shipper from the consignee it's 2nd Set BL issued by the agent either at the point of origin or in any other country it is mostly used for third party shipment where exporter is in other country and indentor or seller to consignee is from another... !!!
Quoting from [Ellango]:Thanks
Quoting from [loyals]:Quoting from [Ellango]
Can someone explain the methodology of switching the B.L
If i got you correctly did you mean 'switch BL' it's made to hide original shipper from the consignee it's 2nd Set BL issued by the agent either at the point of origin or in any other country it is mostly used for third party shipment where exporter is in other country and indentor or seller to consignee is from another... !!!
Not for that main reason, it is basically for 2 main reason :
1. To re-export or trans shipment the cargoes w/o striping, load unload,and re-apply the customs and carrier/shipping. Especially for you at SIN. you can buy from any seller and ask them to containerize/ship direct to Port destination. But as your end user/customer only deal with You/company. So all the documents should be under your name. not your supplier/producers. In this case no need for you to import and then unload the good and ship it with other container/liner. Just change the documents ( B/L - INV - P/L ) at transit port at the shipping/carrier office and get a re-issue (new) b/l of it. to do it you have to surrender or presenting the previous b/l to the t/sit port which will give you a new one accordingly as requested by.
2. This is also related with L/C payment or negotiate, As in the L/C the beneficiary is under your name so all the docux has to be in a same tenor. especially if you apply back to back l/c for open L/C to seller. so no need to ask buyer re-open / amend the master l/c. just keep it ex SIN, and your name & address of beneficiary As if that the cargo container were depart/exported from SIN. you got it now ?
Quoting from [Oneuni]:Quoting from [Ellango]:Thanks
Quoting from [loyals]:Quoting from [Ellango]
Can someone explain the methodology of switching the B.L
If i got you correctly did you mean 'switch BL' it's made to hide original shipper from the consignee it's 2nd Set BL issued by the agent either at the point of origin or in any other country it is mostly used for third party shipment where exporter is in other country and indentor or seller to consignee is from another... !!!
Not for that main reason, it is basically for 2 main reason :1. To re-export or trans shipment the cargoes w/o striping, load unload,and re-apply the customs and carrier/shipping. Especially for you at SIN. you can buy from any seller and ask them to containerize/ship direct to Port destination. But as your end user/customer only deal with You/company. So all the documents should be under your name. not your supplier/producers. In this case no need for you to import and then unload the good and ship it with other container/liner. Just change the documents ( B/L - INV - P/L ) at transit port at the shipping/carrier office and get a re-issue (new) b/l of it. to do it you have to surrender or presenting the previous b/l to the t/sit port which will give you a new one accordingly as requested by.
2. This is also related with L/C payment or negotiate, As in the L/C the beneficiary is under your name so all the docux has to be in a same tenor. especially if you apply back to back l/c for open L/C to seller. so no need to ask buyer re-open / amend the master l/c. just keep it ex SIN, and your name & address of beneficiary As if that the cargo container were depart/exported from SIN. you got it now ?
kindly find the details as under in chronological order please
1) ABC is a trader in Singapore, received an order from Buyer XYZ from Newyork, USA for 1 container granite to be procurred from Supplier PQR in India say Chennai.
2) ABC will book the container to USA from India with Invoice / BL etc showing Shipper As PQR (India) and Consignee ABC (SIngapore) with port of loading Chennai / port of discharge Newyork.
3) Phyically the container will not go via singapore. The complete set of documents from the supplier PQR will be received by ABC, Singapore.
4) The Documents will be changed at Singapore with ABC as shipper and XYZ as consignee other details remaining the same.
The original BL received from supllier PQR will be surrendered to the same shipping company / agent in singapore and new 3/3 set of original bills of lading will be issued.
This is called switch of BL
5) This new set of documents will be sent to XYZ in USA for the delivery of containers.
Payments will be routed as XYZ to ABC then ABC to PQR
The original supplier and buyer do not know each other in this transaction.
Thanks for the info. helpful. I have just a few question in relation to your answer. I am from Sweden and will soon do the switch BL, though never tried it before.
So to request the second BL, should i surrender my BL to the forwarder that my supplier use? or you say on the port which could that be?
Example i buy in sweden from china and the end buyer is in Finland. If i want it to be shipped from china and be sent to Finland, i will have the original 1st BL, then while it is on transit, i will switch BL, where can i do this? and how? and could you please tell me in steps the procedure, i really appreciate your help.
thanks.
Hans
Quoting from [girishacharya]:kindly find the details as under in chronological order please
1) ABC is a trader in Singapore, received an order from Buyer XYZ from Newyork, USA for 1 container granite to be procurred from Supplier PQR in India say Chennai.
2) ABC will book the container to USA from India with Invoice / BL etc showing Shipper As PQR (India) and Consignee ABC (SIngapore) with port of loading Chennai / port of discharge Newyork.
3) Phyically the container will not go via singapore. The complete set of documents from the supplier PQR will be received by ABC, Singapore.
4) The Documents will be changed at Singapore with ABC as shipper and XYZ as consignee other details remaining the same.
The original BL received from supllier PQR will be surrendered to the same shipping company / agent in singapore and new 3/3 set of original bills of lading will be issued.
This is called switch of BL
5) This new set of documents will be sent to XYZ in USA for the delivery of containers.
Payments will be routed as XYZ to ABC then ABC to PQR
The original supplier and buyer do not know each other in this transaction.
Very useful explanation, thank you!
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