A Bill of Lading (B/L) is a legal document issued by a carrier to a shipper that confirms receipt of cargo, serves as evidence of the contract of carriage, and can act as a document of title. Importers, exporters, and freight forwarders rely on it to release goods, secure payment, and resolve disputes during international […]
Import and export terminology like FOB, CIF, EXW, Bill of Lading, HS Code, and Letter of Credit defines who holds responsibility, cost, and risk at each stage of international trade. Understanding these terms helps businesses negotiate contracts accurately, avoid customs delays, and build trust with overseas partners. Stepping into international trade for the first time […]