When to use a bill of lading | Express bill of Lading vs Telex release
SimonRučigaj, digitalizationadvisorandcommunicationmanager Thisisacommonquestion,buttheanswerisnotasimpleone.Itdependsontheprocessesyourcompanyuses,andhowyourbusinessmodelissetup.Buttheargumentsforusinganyofthesedocumentoptionsareeasytomake.Followme!Inshort-boththebilloflading(paperordigital)andseawaybillactasacontractofcarriage,withallthetermsandconditionsofthetransport.Theybothactasreceiptsforthegoodsbeingtransported. Butonlythebillofladingservesasadocumentoftitle,transferringtheowner...
Simon Ručigaj, digitalization advisor and communication manager
This is a common question, but the answer is not a simple one. It depends on the processes your company uses, and how your business model is set up. But the arguments for using any of these document options are easy to make. Follow me!
In short - both the bill of lading (paper or digital) and sea waybill act as a contract of carriage, with all the terms and conditions of the transport. They both act as receipts for the goods being transported.
But only the bill of lading serves as a document of title, transferring the ownership, sometimes enabling trading with the document, or as collateral security. What is most important - a bill of lading must be used always when there are banks involved in the shipping transactions. When this is not the case, a telex release can help optimize time and courier costs. But the new smart bill of lading conce...