Supply Chain Management|Logistics|Energy Management|Sales|Marketing|Digital Transformation|Business Dev|Customer Success|Sustainability.
A switch bill of lading is used in a specific scenario where there is a need to change the original bill of lading (B/L) or to create a new B/L that replaces the original one. This typically occurs when: Reasons for Switch Bill of Lading 1. Change in shipping terms: The original B/L needs to be amended to reflect changes in shipping terms, such as a change in the port of discharge or the type of cargo. 2. Error correction: There are errors or discrepancies in the original B/L that need to be corrected. 3. Change in ownership: The ownership of the goods has changed, and the new owner requires a new B/L. 4. Consolidation or de-consolidation: Multiple shipments need to be consolidated into a single B/L, or a single shipment needs to be de-consolidated into multiple B/Ls. 5. Compliance with regulations: A switch B/L is required to comply with specific regulations or customs requirements. Scenario Example A company exports goods from China to the United States. The original B/L is issued with a specific port of discharge, but due to unforeseen circumstances, the goods need to be discharged at a different port. In this case, a switch B/L would be used to create a new B/L that reflects the change in the port of discharge. Key Considerations When using a switch bill of lading, it's essential to ensure that: 1. The original B/L is cancelled or voided. 2. The new B/L accurately reflects the changes or corrections. 3. All parties involved, including the shipper, carrier, and consignee, are notified and agree to the changes. 4. The switch B/L complies with all relevant regulations and customs requirements. #switchbilloflading
Managing Director at Prezdo Services Nigeria Limited
2wUseful tips