Express Bill of Lading
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An express bill of lading is a non-negotiable document that simplifies the delivery process. It differs from the traditional original bill of lading (OBL) in several ways:
With an express B/L, the carrier is obligated to deliver goods directly to the designated consignee, without the creation of OBL. This document does not signify the transfer of ownership; ownership details are outlined in the sales agreement.
An express bill of lading is typically employed when:
It's essential to differentiate between the two:
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