Frequently Asked Question

What is the difference between a Bill of Lading and a Sea Waybill?

Bill of Lading (B/L): a negotiable document of title — whoever holds the original B/L controls the goods. Required for LC transactions where the bank needs document control as security. Original B/L must be surrendered at destination to release goods. Sea Waybill: a non-negotiable document — goods are released to the named consignee without presenting the original document. Used for open account trade between trusted parties. Sea Waybills process faster at destination but cannot be used for LC transactions.