Bill of Lading (B/L)
Quick answer
The sea transport document proving receipt of goods, the transport contract and title to the goods.
Key takeaways
- Straight B/L - non-negotiable, fixed consignee
- Order B/L - negotiable, transferable by endorsement
- Telex release / Sea Waybill - variants without a physical original
What a bill of lading is
Bill of Lading (B/L) is the document issued by the sea carrier that serves at once as proof of receipt of goods, transport contract and negotiable title to the goods.
Why it matters to the board
For importing companies, the B/L is key to releasing goods from port and to letter-of-credit payments. B/L errors hold goods and create demurrage costs.
Types
- Straight B/L - non-negotiable, fixed consignee
- Order B/L - negotiable, transferable by endorsement
- Telex release / Sea Waybill - variants without a physical original
How CRMconnect helps
CRMconnect keeps import documents (B/L, packing list, commercial invoice) linked to the purchase order and lead time, giving visibility over goods in transit up to receipt.
Real-world example
An importer frequently paid demurrage because import documents arrived out of sync. Consolidating them on the order in CRMconnect cut port release time and demurrage costs.
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Frequently asked
Difference between B/L and CMR?+
B/L covers sea transport (and is title to goods); CMR covers international road transport. They are documents for different transport modes.
What is a telex release?+
An electronic release of goods without presenting the physical original B/L, used to speed up delivery at the destination port.
Where CRMconnect fits
Related terms
CMR Consignment Note
The international road transport document proving the contract between consignor, carrier and consignee.
LogisticsIncoterms
Standardised international rules (ICC) defining who pays for transport, risk and customs in a commercial transaction.
LogisticsHS Code (Tariff Code)
The international customs classification code for goods, determining duties and import/export restrictions.
FinanceLanded Cost
The total real cost of a product up to the warehouse: purchase price + freight + duties + insurance + handling.