Express Bill of Lading
Definition of express bill of lading
An express bill of lading is a document that facilitates the quick release of cargo to the consignee without the need for a physical, original bill of lading.
Unlike traditional bills of lading, which require the original documents to be presented before goods can be released, an express bill of lading allows for immediate cargo release once it arrives at its destination.
When is an express bill of lading used?
An express bill of lading is typically used in situations where the importer has already paid for the goods before they’re shipped. Or when there is a well-established credit arrangement between the importer and the supplier.
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