Switch B/L ? what kind of B/L is it ?
How it been applied ? for what purpose the switch b/l is related to ?
Who do the switching ? is it harmful for shipper/seller or not ? thanks
advise please, and do not forget click the worth or not worth ? thank you
Quoting from [Oneuni]:Switch B/L ? what kind of B/L is it ?
How it been applied ? for what purpose the switch b/l is related to ?
Who do the switching ? is it harmful for shipper/seller or not ? thanks
advise please, and do not forget click the worth or not worth ? thank you
The reason being that some of the supplier would not like the buyer to know about the export destination. Eg. office in Japan, factory in China and buyer from Europe.
I think it's common about the manufactuers and supplier from outside china, as now china is the manufacturing hub and most suppliers got their thing from China. Still, they want to remain their export destination at their home country; so they would go for switch BL where they would change the original BL with the new BL which stated the goods coming from their home country.
Correct me if i'm wrong as I doesn't deal with shipping...:)
Quoting from [Oneuni]:Switch B/L ? what kind of B/L is it ?
How it been applied ? for what purpose the switch b/l is related to ?
Who do the switching ? is it harmful for shipper/seller or not ? thanks
advise please, and do not forget click the worth or not worth ? thank you
Dear Gino 22 : Quite right but not all means
The Switch B/L is an operating instrument (B/L) that under Shipper's authorize it can be transferable to 3 rd party as agreed with the buyer !
- It could be in a direct either transshipment one, as long as still in One Liner or Carrier Company, Co related with the L/C statement of it, in some condition the carrier being nominated (appointed) one.
- Mostly being used by trading company, also found in a condition that being 2 countries do not have diplomatic link or having Quota/embargo. So need a middleman as the mediator or transaction link.. And in a few cases, the buyer's Office is in country A while the Consignment ( end destination) is in country B.
we will go for a more definitive narrative later, after a few comments from other audiences. keep following it....