BL (Bill of Lading)
Shipping document that serves as proof of cargo loading and entitles the holder to claim goods at destination.
Detailed Explanation
The Bill of Lading (BL) is the critical shipping document in international trade. Three roles: (1) receipt of goods loaded aboard the vessel; (2) contract of carriage between shipper and carrier; (3) document of title β whoever holds the original BL can claim the cargo. In "30% TT + 70% against BL copy" payments, the seller sends a scanned BL to the buyer, who pays the balance within 7 days, then receives the original BL to clear customs. Do not hand over BL until payment received.
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JUST SOLAR GROUP supplies solar modules globally with full documentation and flexible terms.
Related Terms
Incoterm where the seller delivers goods on board the vessel at the port of origin; buyer pays freight and insurance.
Incoterm where the seller pays cost, insurance and freight to the destination port; buyer handles customs clearance.
Incoterm where the seller handles all costs including duty, VAT, and final delivery; buyer does nothing.
Minimum quantity required to place an order; typically one 40HQ container (~430-460 kW) for Tier-1 factories.
OEM = factory makes your branded product; ODM = factory designs and builds based on your spec.