Unit8PoorNations,RichNations.pptVIP

Unit 8 Poor Nations, Rich Nations;Definition: Bill of Lading or blading for short, it is a document signed by or on behalf of the master of a carrying vessel, certifying that the goods have been received on board in good order for transportation and delivery as specified in the document. ;Consignee the buyer’s name “to order” in the consignee space, and the name and address of the agent underneath “to order”, then the agent can endorse the bill of lading to the buyer. ;Functions: First, it serves as a receipt for goods signed by the shipping company (carrier) and given to the shipper (consignor); Second, it’s evidence of a contract of carriage between the carrier and the consignor; Third, it conveys a document of title because the legal owner of the bill of lading is the owner of the goods it covers. ;Process The shipper fills in the form and sends it to the ship, then the officer of the shipping company checks the goods and signs the Bill. The shipping company sends the Bill of Lading to the exporter or his bank. These negotiable Bills of Lading are used for payment. They are passed on to the buyer or the exporter’s agents in the importing country. Then the Bills of Lading together with other shipping documents are presented to the shipping company when the ships arrives. The shipping company compares the negotiable Bills of lading with their copy on the ship. Then the buyer can obtain the goods from the ship. ;Process _______fills in the form and sends it to the ship, then the officer of ___________________ checks the goods and signs the Bill. The shipping company sends the Bill of Lading to the __________or his__________. These negotiable Bills of Lading are used for payment. They are passed on to the _________or the ________________in the importing country. Then the Bills of Lading together with other shipping documents are presented to the ________________when the ships arrives. The shipping company compares the negotiable Bills of lading with their c