Received for Shipment B/L

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📖 Detailed Explanation

Received for Shipment B/L means a bill of lading issued by the carrier after the goods have been received but not yet loaded on board. It indicates that the goods have been taken into the carrier's custody but have not been shipped, and therefore does not have the legal effect of an "On Board B/L." Use cases: when a bill of lading must be obtained in advance before the goods are loaded on board (e.g., the letter of credit requires a bill of lading but shipment is delayed), or when the carrier needs to confirm receipt of the goods in advance. Precautions: Received for Shipment B/Ls are generally not accepted by banks unless expressly permitted by the letter of credit; the buyer may face risks because the goods have not been loaded on board; it is necessary to exchange it for an On Board B/L after shipment or to add an on-board notation. Difference from an On Board B/L: an On Board B/L proves that the goods have been loaded on board, while a Received for Shipment B/L only proves receipt of goods for shipment. It is synonymous with a Received for Shipment B/L. In practice, if the letter of credit requires an "On Board B/L," then a Received for Shipment B/L must be converted into an On Board B/L by adding an "on board" notation and date.

📝 Examples

1. Since the letter of credit requires the submission of an on board bill of lading, but the goods have not yet been loaded on board, we first obtain a received for shipment bill of lading, and after loading, request the carrier to endorse the date of loading and sign it, converting it into an on board bill of lading. (Note: Use the received for shipment bill of lading as a transitional measure to meet the requirements of the letter of credit.) 2. The buyer requires an on board bill of lading, but the seller can only provide a received for shipment bill of lading, resulting in the bank's refusal to pay. It was only resolved after negotiation by having the carrier issue a certificate of shipment. (Note: The risk that a received for shipment bill of lading is not accepted by the bank and the remedy.)

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