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Specified Goods Have Been Received on Board

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International ocean freight bill of lading in the International shipping ocean freight industry also referred as a B/L or BOL. This shipping document used for shipping freight overseas by sea issued by an International ocean freight carrier acknowledging that specified goods have been received on board as cargo for conveyance to a named place, for delivery to the consignee. Besides other points, the international ocean freight bill of lading serves the following purposes:

It is an evidence of a contract of carriage between ocean freight carrier and shipper;
It is a receipt for goods;
It is a document of title on shipped goods.
There are number of different types of international ocean freight bill of ladings used in the ocean freight shipping industry for export and import goods from and to the USA. Here are two most commonly used types of NON-NEGOTIABLE international ocean freight bill of ladings:

Express release ocean freight bill of lading = Telex release = Surrender and;
Release endorsed upon a set of originals ocean freight bill of lading
NON-NEGOTIABLE international ocean freight bill of lading means that the document itself does not give title to the goods. The consignee (recipient) named in the ocean freight bill of lading must identify himself to claim the goods. (vs. NEGOTIABLE international ocean freight bill of lading, issued "to the order of" is the title of the goods. I.e. a NEGOTIABLE international ocean freight bill of lading can be bought, sold or traded while goods are in transit.)

International EXPRESS RELEASE ocean freight bill of lading means that you do not have to provide originals of ocean freight bill of lading in order to claim your goods at the destination. Shipment on express release should be released at the destination upon surrender a copy of the international ocean freight bill of lading. Express release ocean freight bill of lading should state: "ZERO (0) – NO ORIGINALS REQUIRED FOR RELEASE".

"SET OF ORIGINAL REQUIRED" in international ocean freight bill of lading means that goods cannot be released to the consignee unless the consignee had surrendered a set of originals ocean freight bill of lading.
 

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International ocean freight bill of lading
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