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An Explanation of the House Bill of Lading 

An Ocean Transport Intermediary (OTI) such as a freight forwarder or a non-vessel operating company (NVOCC) produces a House Bill of Lading, which the supplier receives upon receiving the cargo. Import-export course online will help you in understanding the shipping & logistic terms easily.   In most cases, a freight forwarder, as a vessel carrier, issues a receipt for the goods that is called House Bill of Ladings (HBL).  As a result, the freight forwarder books the cargo with the vessel owner and collects the Master Bill of Lading (MBL) or Groupage Bill of Lading. 

House Bill of Lading Includes-  
  • Address and name of the supplier (exporter/seller) 
  • Name and address of receiver (importer/consignee) 
  • A description of the items shipped (dimensions, weight, classification, container type, etc.). 
  • Valuation of the items shipped 
  • Transportation mode 
  • Shipment terms 

In essence, it is an assurance that the consignment is damage-free and is ready for shipping to the consignee. Any damage incurred during transportation becomes the carrier’s responsibility.  If the House Bill of Lading indicates that the consignment was damaged when it was received, the supplier is liable.   Additionally, the house bill of lading is proof that the carrier has a contract to transport the cargo.   Hope you like our article on house bill of lading. Do share your experience on the same. The information provided above is part of our Online Export Import Training course. 

For More Knowledge Read Our Article On-

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What is SWOT Analysis and Why it is Important for Business?

Role of Indian Embassy in Export ImportWhat is Registration Cum Membership Certificate? What is DGFT and Its Role? What is a Bill of Exchange? What is a Letter of Credit? 

What is a Bill of Lading? 

What is High Sea Sales?  What Does DGFT Grant to Indian Importers & Exporters?

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What is Drop Shipping And Why Is It Important? 

This Drop Shipping method involved retailers or merchants not actually holding stock but instead arranging for products from manufacturers or wholesalers to be shipped directly to customers. Import export management course will help you in starting your export business.  Drop shipping is a retail fulfilment technique in which a store doesn’t keep the goods it sells in stock. The seller does not have to handle the product directly, since the item is purchased from a third party and shipped directly to the customer.  Merchants are not involved in this method because they don’t handle the products and are only charged per item shipped. 

Benefits of Drop Shipping: 
  • Easy to understand and start 
  • Save your time & money 
  • Flexible location 
  • Easy to manage 
  • Easy to scale your business 
  • Offering a variety of products 

Drop shipping is one of the safest and easiest ways to conduct business. Since it doesn’t require as much investment as traditional retail, drop shipping is a low-risk online business.   Another advantage to drop shipping is that sellers don’t have to hold their inventory. 

Process of Drop shipping: 
  • Customers place orders on retail websites or in stores. 
  • A copy of the order and payment information is sent to the wholesaler 
  • On the delivery docket, the wholesaler lists the retailer’s contact information and branding and then packs and ships the ordered product. 
  • The customer receives the product that they ordered 
  • Further inquiries or returns are handled by the retailer 

The information provided above is part of our Online Export Import Training course. Join our export import business training and get every answer to your question   

For More Knowledge Read Our Article On-

A comparison of BAF and CAF Do Airway Bills Serve As Documents Of Title?Difference Between High Sea Sale and ImportsWhat does a Line Number in IGM mean?   What is IHC- Inland Haulage Charges? FIRC In Export And Import Business Documentation of High Sea Sales What is Triangular Shipment ?What Is E-Commerce Under GST?  What Is Port Of Discharge And Place Of DeliveryDifferent Types of Export Containers What is FCL in Export Import? Steps to Become Successful in Trade for Start-ups What is Mother Vessel and Feeder Vessel  What is co-loadingWhat is ICD? 

What is SWOT Analysis and Why it is Important for Business?

Role of Indian Embassy in Export ImportWhat is Registration Cum Membership Certificate? What is DGFT and Its Role? What is Bill of Exchange? What is a Letter of Credit? 

What is Bill of Lading? 

What is High Sea Sales?  What Does DGFT Grant to Indian Importers & Exporters?

Watch Our YouTube Videos On-

https://www.youtube.com/watch?v=rrHdoF4RJjA&t=2shttps://www.youtube.com/watch?v=kO2ekPQke8whttps://www.youtube.com/watch?v=y4bXUAtMY8A&t=12shttps://www.youtube.com/watch?v=7pMI3vlKEDchttps://www.youtube.com/watch?v=r_4zjeW2Ht8&t=1shttps://www.youtube.com/watch?v=dptTB7HCJtA&t=4shttps://www.youtube.com/watch?v=5aTvyKIc7ks&t=1s

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