x You are involved in shipping activities, need to know what Surrendered Bill of Lading is?
x Do you want to learn about the role and tasks of the Surrendered Bill of Lading?
x You need to send LCL goods by sea from Vietnam - USA, Australia, Japan, Germany,... cheap and safe?
Currently, the use of Surrendered bills is increasingly popular due to the convenience and speed of this type of bill. Within the framework of this article, Proship.vn will help you clarify the content related to Surrendered bill of Lading, functions, roles, tasks and notes when using SBL. And if any Enterprise, Individual, or Small Business Unit needs to use the cheap Chinh Ngach retail import-export service, you should refer to the service utilities here.
Shipping contact hotline:
Ms Tien: 0909 986 247
Ms Dung: 0939 999 247
Ms Duy: 0902 581 247
What is Surrendered Bill Of Lading? Why is this Bill needed?
What is Surrendered bill of lading?
Surrendered Bill of Lading (Surrendered B/L) is a quite special type of bill of lading in freight forwarding called Bill of Lading of Presentation or Bill of Lading of Delivery. To request a Bill Surrendered, the consignor will have to pay a telex release fee called Telex Release Fee. The Surrender bill that comes with Telex Release is a delivery call to help the consignee prove he or she is the owner of the goods without needing the original bill. Therefore, it helps the consignee receive goods from the shipper in case the original bill has not arrived in time to the consignee.
Why do we need a Surrender Bill?
- When transporting goods by sea, the shipping company will issue 3 bills of lading including: Original Bill, Seaway Bill and Surrender Bill. Goods are delivered when the goods owner presents the original Bill of Lading and pays related costs to the shipping company at the destination;
- When shipping internationally, the time it takes to send the original Bill to the consignee is very long and leads to many cases where the goods arrive before the bill. At this time, the consignee cannot receive the goods because the bill has not been sent. To solve this problem, Surrender bill was born;
- Thanks to this bill of lading, the shipping unit and consignee can work many times with simple procedures but still ensure mutual trust without using the original Bill.
=> To summarize, Surrendered B/L is used in the following cases:
- Both sides want to save costs, it is not necessary to have the original Bill;
- Consignee wants to receive the goods immediately, as soon as possible;
- Avoid losing original documents during delivery;
- Consignee does not want to transfer the shipment to another person using documents because the Surrendered bill of lading has no transfer value;
- Shipper (sender) and Consignee have close relationships such as: parent company - subsidiary company, loyal, trusted customers, friends, family members,...
It can be seen that there are many types of import-export documents and each type will be suitable for each different case. Therefore, if you do this profession, you need to understand clearly about types of documents, especially Bill of Lading.
Roles, processes and information to know when making Surrendered Bill Of Lading
PROSHIP has helped readers have the most accurate definitions of what a surrendered bill of lading is, and the following will be the main content about the tasks and roles of the surrendered bill. Let's learn to accumulate more experience in the process of importing and exporting goods by sea:
The role of the surrendered bill of lading
Bill Surrender is used a lot in international transportation because it is beneficial for both buyers and sellers. Surrendered bill is suitable for large shipments that require loading and unloading as well as completing documents that take a lot of time, while goods need to be received urgently. In this case, Surrendered is a perfect solution for both sellers. and the buyer because the buyer can receive the goods quickly and reduce the risk of storage costs when the goods arrive at the port but the buyer has not received the original documents in time to release the goods, the seller can Maintain good relationships with buyers.
However, this type of bill also has disadvantages: it is expensive and can only be used by people who truly trust it and have a clear payment method. Avoid cases where the goods have been released but the money has not been received. To overcome this drawback, there are some shipping companies that will make seaways at no cost.
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In case you should use Bill Surrendered - Bill of lading for delivery - Bill of lading presented
- Case 1: The importer does not anticipate that the exporter will be slow in preparing the documents and sending the documents (including the original B/L). At this time, the two parties agree to convert the original bill to a surrendered bill and request the shipping company to "surrender" the procedure so you can refer to the above information I mentioned.
- Case 2: Request to present a surrendered bill from the beginning, the shipping company will present a surend bill at the request of the shipper. In this case, the cost will be less and the procedure is not as complicated as case one because there are 2 parties. agreed from the beginning, the shipping line would charge the Surrender Service fee.
If the original bill has been issued, if you want to make a Surrendered bill, you need to return the original bill and the process is as follows
- Step 1: First bring the original bill set including 3 original copies to the shipping company to return to the shipping company;
- Step 2: Pay the Surrendered bill fee to the shipping company;
- Step 3: The shipping company will cancel the original set of bills and print another set of bills like the copy and stamp the word SURRENDERED in bold on the bill, this word is usually red or blue;
- Step 4: The shipping line system in Vietnam (sending place) will call telex release to the receiving place to release the goods to the recipient. Therefore, this type of bill is understood as a delivery call but with a variety of contact forms, in addition to calling, you can send an email or enter the system;
- Step 5: Send the Surrendered bill to the importer. This set of Surrendered bills will have the same content as the original bill with the only difference being that there is no Original signature from the shipping company. You can imagine it looks like 3 copies with the word SURRENDERED stamped on them.
Difference between Surrendered B/L and Seaway B/L
- Surrendered B/L is a form of releasing cargo instead of submitting the original B/L. Telex Release is a method to perform Surrendered B/L. Meanwhile, Seaway B/L does not issue any original B/L set, Express Release is the implementation method;
- Surrendered B/L issues an original set of B/L and then revokes it, while Seaway B/L does not;
- Seaway B/L is not considered a document of Title to the goods, while the original bill of lading (Original B/L) is, but the Original request for a Surrendered B/L is never considered. is a document of ownership of goods.
Shipping contact hotline:
Ms Tien: 0909 986 247
Ms Dung: 0939 999 247
Ms Duy: 0902 581 247
What should you keep in mind when using Surrender Bill?
Surrendered bill has many effects and benefits not only for the shipper but also for the consignee, but there are some issues to keep in mind when using this type of bill. That is:
- L/C payment will not be applicable when using Bill Surrendered, so to avoid the case where the consignee does not pay or refuses to receive the goods at the port of entry, the sender must collect money before sending the goods;
- To issue a Surrender Bill, you need to pay an additional fee compared to the original Bill delivery cost;
- The shipment cannot be used to make a bank deposit to get revolving capital because this type of bill has no transfer value;
- Shippers should only use Bill Surrendered when all money has been transferred or there is a special relationship of trust between the two parties to avoid unexpected problems.
>>See more: What is Shipment?
What's different about PROSHIP's cheap LCL cargo transportation service to mainstream countries?
In order to effectively meet the need to transport LCL goods to Chinh Ngach countries at low prices by sea containers, PROSHIP JOINT STOCK COMPANY has been cooperating with many large domestic and international shipping companies to ensure good implementation. Chinh Ngach retail import and export process. In particular, with many years of experience operating in the shipping and logistics industry, we clearly understand what a surrendered bill of lading is, along with many bills of lading and related specialized terminology to support customers when needed and can be proactive. in any case.
With LCL shipping service to countries along the route Vietnam - Japan, Germany, Australia, USA,... Proship will transport goods when the shipper does not have enough goods to pack an entire container and needs to combine them with a number of shipments from the shipper. other. At that time, we will combine many LCL shipments, arrange, classify and pack them into containers, then arrange transportation from loading port to destination port. At the same time, it will provide a fixed weekly LCL packing schedule to many destinations. Large transport capacity, regular booking with major shipping lines and stable throughout the year. In addition, we also rent a CFS warehouse at Cat Lai Port that is managed by a 24/24 surveillance camera system to ensure the highest safety for each shipment/package/customer order.
Shipping method - delivery LCL Vietnam - USA, Germany, Japan, Australia,... (2 ways)
- Transporting Chinh Ngach LCL goods from Port to Port;
- Transporting Consol LCL containers from Port to Warehouse;
- Transporting retail goods from Warehouse to Warehouse;
- Transport LCL retail goods to your destination upon request;
- Other accompanying services depending on the specific needs of customers…
The customers Proship is targeting
- Corporations, domestic and foreign companies that need to transport goods;
- Factories, projects, general agents and services for domestic goods, international import and export;
- Small and medium-sized enterprises have a need for international sea transport and import-export for the fastest time and the smallest cost savings.
Shipping companies have been and will be strategic partners of Proship
APL, BENLINE, MA-CGM, CNC, COSCO, HIPPING, ECU LINE, EVERGREEN, EMADEPT, GRAND, HANJIN, HAPAG-LLOYD, HEUNG-A, HUBLIN, HYUNDA, NDOTRA, K-LINE, KMG, KMTC, AERSK LIN, MCC, MELL, MOL, MSC, AMSUNG, NORTH, FREIRHT, NYK, OOCL, ORIENTAL, ORIMAS, PIL, RCL, SINOKOR, INOTRANS, SITC, TS LINE, VOSA, VVMV, WANHAI, NG MIN, ZIM,... are the companies Prestigious ships with international reputation we have been and will try to connect to further improve our services now and in the future.
Advantages of sending LCL LCL cargo to other countries by sea container
- Goods tax payable when clearing customs through customs ports has a lower tax rate than through airport customs;
- Minimize the risks of damage and loss of goods because goods are stored inside sturdy, secure specialized containers;
- Optimal cost savings for businesses with much cheaper shipping rates than air freight. Using sea transport can transport goods in large quantities at once, so it is very economical;
- Transporting goods in much larger quantities than shipping by air or road. This form of shipping by sea to other countries can transport an unlimited amount of goods in terms of size, quantity, and type of goods. From there, it helps businesses solve transportation problems more easily and conveniently.
Hopefully, the information compiled and provided by Proship above will help you grasp important specialized knowledge and understand the process of making a Surrender bill, what is a surrendered bill of lading , and what to note during the process. Making a Surrender bill,... from here it can be effectively applied to the entire process of shipping goods by sea container. Using the LCL cargo shipping service to Chinh Ngach countries helps many individuals and businesses save significant costs and time compared to sending full containers and whole shipments. Therefore, to best meet all the criteria you set, please contact the Hotline below.
Shipping contact hotline:
Ms Tien: 0909 986 247
Ms Dung: 0939 999 247
Ms Duy: 0902 581 247
