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Bill of lading Nigeria: Why is the Bill of lading important

Importers often encounter challenges with the Bill of Lading processing, such as discrepancies in the information provided, issuance delays, or errors very often; causing significant delays at times in customs clearance. These kinds of issues have resulted in extra storage charges, penalties, and many more consequences where goods are held at the port.

What is a Bill of Lading?

The bill of lading is an important document in every international trade, it also serves multiple purposes. The bill of lading is a contract between the shipper and the carrier, a receipt for the shipped goods, and a title document by which its possessor attains rights to claim goods.  A Bill of Lading is generally issued by the carrier or his agent in acknowledgment that he has received the goods and is responsible for their safe carriage and delivery at the destination.

Why is the Bill of Lading Important?

The Bill of Lading plays an important role in every international trade in many ways:

Proof of Shipment: Proof of shipment acts as evidence that goods have indeed been shipped on agreed terms.

Legal Document: It is a record that is legal and comes in handy as evidence in any case of disputes between the shipper and the carrier.

Customs Clearance: For all intents and purposes in the clearance of goods, an accurate Bill of Lading will ensure that goods passing through this critical customs procedure do so without hitches and unnecessary expenses.

Conclusion

In this article we have delve into the challenges importers face in process bill of lading, what is a bill of lading, and why is the bill of lading important. Furthermore how having accurate bill of lading reduces the risk of delays and assures a seamless shipping process.

Feel free to contact us for cargo clearance and consultancy.