The workflow of a House Bill of Lading in International Trade when the seller has LCL (Less Container Load) Cargo and approaches a consolidator to consolidate their goods with other sellers goods to accommodate a fully loaded container.

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What is a Bill of Lading ?

A bill of lading is a legal document between the shipper of goods and the carrier detailing the type, quantity and destination of the goods being carried. The Bill of Lading is a receipt of shipment when the goods are delivered at the predetermined destination. This document must accompany the shipped goods, no matter the form of transportation, and must be signed by an authorized representative from the carrier, shipper and receiver.

In this video we will be looking at How a House Bill of Lading works in international Trade.

A House Bill of Lading (HBL) is a document created by freight forwarder or non-vessel operating company (NVOCC). What is NVOCC? NVOCC is a company that organizes shipment for sellers that have Less Container Load Cargo also known as LCL Cargo which is when the seller does not have sufficient cargo to fully accommodate a loaded container.

A House Bill of Lading provides the information of the shipper, who delivers the shipment to the freight forwarder, and the consignee, who the freight forwarder delivers the shipment to. The document also includes specific information about the items shipped.

This video is designed to provide those operating within International Trade : Exporters, Importers, Bankers & Insurers, Freightforwarders and Carriers an opportunity to broaden their understanding of How a House Bill of Lading works in International Trade.
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This video was produced by
1. Mr. Billy Fong Goon Poy, ACIB, MITD, Master Trainer
2. Ms Sook Ling, Online Content Creator

Tradelinks Resources conducts public training programs for the following International Trade courses in Malaysia
1. Incoterms 2010
2. Letters of Credit
3. Bills of Lading - Correct Preparation To Avoid Rejection by Banks