Exchange Bill of Lading (Ex B/L)
A bill of lading used to transfer the title of goods from one party to another.
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What is an Exchange Bill of Lading (Ex B/L)?
An Exchange Bill of Lading (Ex B/L) is a type of bill of lading used in international trade transactions. This document allows for the transfer of goods from one party to another, typically between a seller and a buyer. Unlike a straight bill of lading, which requires the original document to be presented for the release of goods, an exchange bill of lading allows for the transfer of goods to occur without the need for physical transfer of the document. This can be beneficial in situations where the original bill of lading is lost or delayed.
Related Glossary terms
→ Bill of Lading (BL)
→ Clean Bill of Lading
→ Master Bill of Lading (MBOL)
→ Memorandum Bill of Lading
→ Ocean Bill of Lading
→ Order Bill of Lading
→ Original Bill of Lading (OBL)
→ Stale Bill of Lading
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