Logistics
Clean BL
Bill of lading without annotations or clauses indicating defects in the goods or their packaging at the time of shipment. Frequently required by banks for documentary credit operations.
Bill of lading without annotations or clauses indicating defects in the goods or their packaging at the time of shipment. Frequently required by banks for documentary credit operations.
Bill of lading without annotations or clauses indicating defects in the goods or their packaging at the time of shipment. Frequently required by banks for documentary credit operations.
Claused BL
Bill of lading containing annotations about damage, deficiencies, or irregular conditions of the goods or packaging. Also called 'dirty' or 'foul BL', it can cause problems in letter of credit operations.
DocumentsBill of Lading (B/L)
An ocean transport document issued by the carrier that serves as a contract of carriage, receipt of goods, and document of title to the cargo.
TradeLetter of Credit
A bank payment instrument in which the issuing bank commits to paying the exporter if documentary conditions are met as established.
FinancialDocumentary Credit
International payment method where a bank commits to pay the exporter against presentation of compliant documents.