{"id":5800,"date":"2019-05-15T16:48:24","date_gmt":"2019-05-15T20:48:24","guid":{"rendered":"https:\/\/www.letterofcredit.biz\/?p=5800"},"modified":"2019-05-31T15:17:04","modified_gmt":"2019-05-31T19:17:04","slug":"consignee-of-a-bill-of-lading","status":"publish","type":"post","link":"https:\/\/www.letterofcredit.biz\/index.php\/2019\/05\/15\/consignee-of-a-bill-of-lading\/","title":{"rendered":"Consignee of a Bill of Lading"},"content":{"rendered":"<h4><strong>What Does Consignee Mean?<\/strong><\/h4>\n<p>Consignee means a person entitled to delivery of the goods under a contract of carriage indicated on a <a href=\"https:\/\/www.letterofcredit.biz\/index.php\/2018\/04\/02\/bill-of-lading\/\">bill of lading<\/a>.<\/p>\n<p>Consignee is one of the most important <a href=\"https:\/\/www.letterofcredit.biz\/index.php\/2019\/04\/03\/parties-on-a-bill-of-lading-shipper-consignee-notify-party-and-carrier\/\">parties on a bill of lading<\/a>.<\/p>\n<p>The way that consignee field is completed can affect how the goods are to be transferred from shipper to consignee.<\/p>\n<p>There are three possible consignee field instructions available on a bill of lading.<\/p>\n<p><a href=\"https:\/\/www.letterofcredit.biz\/wp-content\/uploads\/Consignee-Field-Instructions.png\"><img decoding=\"async\" class=\"aligncenter size-full wp-image-5829\" src=\"https:\/\/www.letterofcredit.biz\/wp-content\/uploads\/Consignee-Field-Instructions.png\" alt=\"\" width=\"518\" height=\"253\" srcset=\"https:\/\/www.letterofcredit.biz\/wp-content\/uploads\/Consignee-Field-Instructions.png 518w, https:\/\/www.letterofcredit.biz\/wp-content\/uploads\/Consignee-Field-Instructions-300x147.png 300w\" sizes=\"(max-width: 518px) 100vw, 518px\" \/><\/a><\/p>\n<p><strong>Straight Bill of Lading:<\/strong> Bill of lading states the consignee&#8217;s actual name. Depending on the commercial law of the destination country, consignee may clear the goods with or without needing to present an original bill of lading.<\/p>\n<p>Straight bills of lading may create a risk factor for the shippers if they have not received the payment in advance of the shipment.<\/p>\n<p>Especially under letters of credit and cash against goods payment methods, this option should be used with caution.<\/p>\n<ul>\n<li><a href=\"https:\/\/www.letterofcredit.biz\/index.php\/2019\/04\/03\/parties-on-a-bill-of-lading-shipper-consignee-notify-party-and-carrier\/#ConsigneeField\"> A bill of lading issued under an open account transaction: Bill of lading consigned to the importer.<\/a><\/li>\n<\/ul>\n<p><strong>Negotiable Bill of Lading:<\/strong> Negotiable bills of lading are the ones that are consigned to order of a named party such as to order of the shipper, to order of the issuing bank or to order of the importer etc.<\/p>\n<p>Title of the goods can be transferred through endorsement by stamp and signature.<\/p>\n<p>Negotiable bills of lading generally used under letters of credit and cash against documents payment methods.<\/p>\n<ul>\n<li><a href=\"https:\/\/www.letterofcredit.biz\/index.php\/2019\/02\/24\/what-does-made-out-to-the-order-of-mean-in-a-bill-of-lading\/\">What Does \u201cMade Out to the Order of\u201d Mean in a Bill of Lading?<\/a><\/li>\n<\/ul>\n<p><strong>Bearer Bill of Lading:<\/strong> This option states that the goods must be delivered by the carrier to the party,whose in possession of the original bills of lading.<\/p>\n<ul>\n<li><a href=\"https:\/\/www.letterofcredit.biz\/index.php\/2019\/02\/25\/to-order-and-blank-endorsed-bill-of-lading\/\">To Order and Blank Endorsed Bill of Lading<\/a> is a perfect example of a bearer bill of lading.<\/li>\n<\/ul>\n<h5><span style=\"color: #ff6600;\"><strong>Points of Consideration When Filling Out Consignee Field:<\/strong><\/span><\/h5>\n<ol>\n<li>Consignee field determines how the title of goods are to be transferred from shipper to consignee.<\/li>\n<li>Completing consignee field may have direct effect on delivery of goods in which may have negative effect on shippers financial interests.<\/li>\n<li>Selected payment method is also affecting consignee field completion.<\/li>\n<li>Under open account and cash in advance payment methods consignee field is usually filled out in straight form.<\/li>\n<li>Under letters of credit and cash against payment methods consignee field is usually filled out in negotiable form.<\/li>\n<\/ol>\n<h4><strong>Related Articles:<\/strong><\/h4>\n<ul>\n<li><a href=\"https:\/\/www.letterofcredit.biz\/index.php\/2019\/05\/31\/notify-party-of-a-bill-of-lading\/\">Notify Party of a Bill of Lading<\/a><\/li>\n<li><a href=\"https:\/\/www.letterofcredit.biz\/index.php\/2019\/05\/10\/how-to-complete-a-bill-of-lading-under-a-letter-of-credit-payment\/\">How to Complete a Bill of Lading under a Letter of Credit Payment?<\/a><\/li>\n<li><a href=\"https:\/\/www.letterofcredit.biz\/index.php\/2019\/04\/03\/parties-on-a-bill-of-lading-shipper-consignee-notify-party-and-carrier\/\">Parties on a Bill of Lading: Shipper, Consignee, Notify Party and Carrier<\/a><\/li>\n<li><a href=\"https:\/\/www.letterofcredit.biz\/index.php\/2019\/02\/25\/to-order-and-blank-endorsed-bill-of-lading\/\">To Order and Blank Endorsed Bill of Lading<\/a><\/li>\n<li><a href=\"https:\/\/www.letterofcredit.biz\/index.php\/2018\/12\/02\/what-are-the-differences-between-a-bill-of-lading-and-a-charter-party-bill-of-lading\/\">What are the Differences Between a Bill of Lading and a Charter Party Bill of Lading?<\/a><\/li>\n<li><a href=\"https:\/\/www.letterofcredit.biz\/index.php\/2018\/11\/25\/freight-forwarders-bill-of-lading-not-acceptable\/\">Freight Forwarder\u2019s Bill of Lading Not Acceptable<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>What Does Consignee Mean? Consignee means a person entitled to delivery of the goods under a contract of carriage indicated on a bill of lading. Consignee is one of the most important parties on a bill of lading. The way<\/p>\n","protected":false},"author":1,"featured_media":5827,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[152,150],"tags":[107,146,162],"class_list":["post-5800","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bill-of-lading","category-letter-of-credit-documents","tag-bill-of-lading","tag-consignee","tag-letter-of-credit-documents"],"_links":{"self":[{"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/posts\/5800","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/comments?post=5800"}],"version-history":[{"count":0,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/posts\/5800\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/media\/5827"}],"wp:attachment":[{"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/media?parent=5800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/categories?post=5800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/tags?post=5800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}