What Is A Surrender Bill of Lading?

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syedzaidi
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Joined: Sat Nov 22, 2008 10:41 am

What Is A Surrender Bill of Lading?

Post by syedzaidi » Mon Jan 19, 2009 1:22 pm

Dear Gurus,

Once again i need your help regarding subject topic.

We've issued order on Mode of payment : T/T & Mode of shipment : BySea basis to Uk Vendor. Our vendor has shippped the material and after shipment they sent the original shipping documents to us through courier but without original Bill of lading. After many reminder they cannot provide us original BL and without original BLwe cannot take delivery from custom authorities and now the material is under demurrages.

Please explain how i can get the material from custom without original BL. Also please explain what is meant by Surrender Bill of lading or any other method through which we cannot take delivery from customs. What is meant by Surrender Messege sent to local counterpart i dont know what can i do now. please help me.


Looking forward for your immediate reply.

Thanks & Regards,

Ali

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picant
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Surrender Bill of lading

Post by picant » Tue Jan 20, 2009 4:56 am

Hi Pal,

First of all, what is the goods route? Then, have you in your hands, Sea Way Bill or a Consigned to yourselves Bill of Lading or one to order. Does it bring a "SURRENDER" notation? However, if there is indicated a delivery Agent at destination, it is better to contact it for details I dont know if import customs in your country needs Original Bill of lading to clear the goods. So, Surrender bill of lading is a bill of lading that remains in the hands of the Shipping Company, that send a Telex or other fast message to its Shipping Agent at Port of discharge giving details of the correct consignee, Shipping Agent on receipt of suc h authorization will deliver the goods to consignee. Ask Shipping Agent to solve your problem, and let us know.

Ciao

jmitra
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Surrender of Bill of lading

Post by jmitra » Tue Jan 20, 2009 8:29 pm

dear ali,

about releasing the cargo from the customs without BL; the custom has usually nothing to do with the bill of lading. its the carrier who require it. in exchange of a bill of lading, the carrier issues a delivery order. the custom release the goods on the basis of it. may vary from country to country. so to release the goods, first you need to issue a bank guarantee in favor of the carrier. but bank wont issue guarantee without security and may demand 100% cash margin. so there is a string possibility that you actually stack up double of your merchandise cost.
Last edited by jmitra on Tue Jan 20, 2009 11:50 pm, edited 1 time in total.

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picant
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Surrender Bill of lading

Post by picant » Tue Jan 20, 2009 9:13 pm

Hi Jmitra,

I disagree, by the sentence " surrender bill of lading " Shipping people state that Cargo will delivered without real presentation of the bill of lading but against a message from Shipping Company/Shipper to the Ship Agent ad Port of destination, original bills remaing at port of loading. In many L/C is presented a copy of the bill of lading with a stamp surrendered.

Other comments appreciated

Ciao

jmitra
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Surrender Bill of lading

Post by jmitra » Tue Jan 20, 2009 11:49 pm

sorry. fatal mistake. just messed up. deleting that part :oops:

iLC
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Surrender Bill of lading

Post by iLC » Wed Jan 21, 2009 12:31 am

surrender bill of lading is not a standard term and i wonder whether it actually have any universal working definition. i infact dont understand it. anyway, my limited idea says that a surrender BL is mainly used in open account trade where the seller receive the payment after a certain time; deferred payment. under this arrangement the shipper surrender the BL to the carrier who mark it as "surrendered". the carrier then instruct the local shipping agent at the destination port to release the cargo to the consignee without the original bill of lading based on the sufficient proof of identity (most probably this is the surrender message). the carrier may require a copy of the BL. this is called surrender bl not because the shipper is surrendering the BL to the carrier but because the shipper is surrendering his right over the goods.

i know this as a theory and really dont understand what are the benefits of a surrender Bill of lading. i think the same purpose can be achieved by a straight bill of lading.

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