Surrender Bill of Lading

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Under a term import documentary credit the bank releases the documents on receipt from the negotiating bank but the importer does not pay the bank until the maturity of the draft under the relative credit. This direct liability is called Surrender Bill of Lading (SBL), i.e. when we hand over the bill of lading we surrender title to the goods and our power of sale over the goods.





Bill of lading
Straight bill of lading
Order bill of lading
Bearer bill of lading
Surrender bill of lading
Air waybill