Bill of lading is a proof that you are the owner of Goods.

Bill of Entry is made for clearing the goods from custom station (sec.46)
Bill of Lading is document prepared by Liner Party (Shipping Line) for the purpose of the
Shipment of the items. It shows the Consigner and Consignee and their Address, Port of
Loading and Unloading, Item Name, Quantity, Weight, CBM, Freight Details (sometimes) and
Details of Container No and seal and Voyage in Vessel. By the Bill of Lading Number we can
Track the container or our Shipment.
But The Bill of Entry is a document prepared by the customs Department showing the items are
billed or imported and its classification are done for the purpose of Duty assessment. The bill of
entry prepared on the basis of Bill of Lading, Commercial Invoice, Packing List, IEC code, IGM,
Vat registration Certificate, and Pan Card etc.. The bill of Entry is prepared by on the basis of
importer or CHA declaration regarding the shipped or importing goods.
A bill of lading is a contract of shipping. It is usually nonnegotiable and indicates the shipment
origin and destination points, the name of the carrier, description of the freight, dimensions and
weight as well as the released value of the goods and any special instructions to the carrier
regarding the move. It is signed by both the shipper and carrier representative (usually the
driver) and is the agreement under which the goods are released to the carrier for
transportation.
Shipping bill is a usual bill for your shipment-a document stating what, from where, to where,
when, address, value, etc.
Bill of lading is issued by the ship co. to your transporter when ur transporter loads your stuff to
the ship. It is also used when you have some new items to be shipped and it makes the new
items tax free.

Harmonized System (HS):

The Harmonized System (HS) of tariff nomenclature is a product classification system used as a
basis for the collection of Customs duties and international trade statistics by almost all
countries. Use of the HS ensures that a Customs administration produces statistics in exact
accord with international classification standards. Currently 179 countries and Customs or
Economic Unions (including 104 Contracting Parties to the HS Convention), representing about
98% of world trade, use the Harmonized System. It is therefore one of the most important
instruments in world trade.

Air waybill (AWB) - Bill of lading that covers both domestic and international cargo transported
via air freight. This is a nonnegotiable instrument of air transport that serves as a receipt for the
shipper, indicating that the carrier has accepted the goods listed and as a contract of carriage
obligating the carrier to deliver the cargo to the airport of destination according to specified
conditions as outlined on the lading itself and within the carriers own tariff.

Arrival notice (AN) - Notice sent by the carrier informing the consignee, notify party, and also
notify party of the arrival date of the cargo. Other pertinent information for shipment may be
included, such as bill of lading number, weight, charges due and location of cargo.
Bill of lading (B/L) - Document that establishes the terms of a contract between a shipper and a
transportation company under which freight is to be moved between specified points for a specified
charge. Usually prepared by the shipper and actuated by the carrier, it serves as a document of title, a
contract of carriage, and a receipt for goods. Also see Air waybill, Inland bill of lading, Ocean bill of lading,
and Through bill of lading. It may also be used as an instrument of ownership, which can be bought, sold
or traded while the goods are in transit. To be used in this manner, it must be a negotiable "Order Bill of
Lading."

"Clean B/L" is issued when the shipment is received in good order. If damage or a

shortage is noted, a clean bill of lading will not be issued.

"On Board B/L" certifies that the cargo has been placed aboard the named vessel and is

signed by the master of the vessel or his representative. On letter of credit transactions,
an On Board B/L is usually necessary for the shipper to obtain payment from the bank.
When all bills of lading are processed, a "ships manifest" is prepared by the steamship
line. This summarizes all cargo aboard the vessel by port of loading and discharge.

"Inland Bill of Lading" is also known as the "Waybill" on rail or the "Pro Forma B/L" in

trucking. It's used to document the transportation of the goods between the port and the
point of origin or destination. It should contain information, such as marks, numbers,
steamship line, etc., to match with a dock receipt.

Carnet - Customs document permitting the holder to carry or send merchandise temporarily into

certain foreign countries (for display, demonstration, or similar purposes) without paying duties
or posting bonds or undertaking the usual customs formalities typically required for the entry of
goods.
Cartel - Organization formed to regulate or control the production, pricing, or marketing practices

of its members in order to limit competition and maximize market power.

Container freight station (CFS) - Where less-than-container-load ocean shipments are brought to

be loaded into a container (export) or unloaded from containers and made available for customs
clearance (import).

Consular invoice - Document, required by some foreign countries, describing a shipment of

goods and showing information such as the seller, buyer, and value of the shipment. Certified by
a consular official of the foreign country, it is used by the countrys customs officials to verify the
value, quantity, and nature of the shipment.

Countervailing duty (CVD) - Duty levied on an imported good to offset subsidies to producers or

exporters of that good in the exporting country. GATT Article VI permits the use of such duties if
material injury to the importing country's producers occurs.

Dead freight - Freight charge to be paid even when shipment was not made, owing to failure by

shipper or charterer to actually ship goods in the shipping space for which a reservation was
made.
Delivery order (D/O) - Order, commonly addressed to a terminal superintendant or warehouse

manager, directing the release of specified cargo to a particular receiver.

House air waybill (house AWB, HAWB) - Transport document issued by an air freight consolidator.

May be acceptable transport documents under documentary credits, provided precise

conditions of forwarder liability are followed, or if the credit expressly authorizes the document.
House bill of lading (house B/L) - Bill of lading issued by a freight forwarder. Often covers a
consignment of parcels from various shippers that has been grouped or consolidated by the
forwarder.
House to house - Terms generally refers to a container yard to container yard (CY/CY)
shipment (in which case, it may be used merely to quote the rental rate for the container itself),
but is also used in some cases, synonymously with door to door a term which more generally
refers to overall transport services from sellers premises to buyers premises.

L/C - Letter of Credit.

LCL - Less than container load. Refers to shipments of goods which will have to be packed
together with other consignments in order to fill up a container.
LCL/FCL - Way of quoting container freight rates in which the carrier agrees to pack the

container at the outset (LCL), but the unpacking at destination must be carried our by the
receiver or consignee.
LCL/LCL - Way of quoting container freight rates in which the carrier agrees to pack the

container on departure as well as unpack the container at destination.

Letter of Indemnity (LOI) - Document commonly used in international trade to allow a carrier to

release goods to a receiver who is not yet in possession of the bill of lading.
Line Release - Part of Customs' Automated Commercial System, is designed for the release and

tracking of shipments through the use of personal computers and bar code technology. To
qualify for line release, a commodity must have a history of invoice accuracy, and be selected
by local Customs districts on the basis of high volume. To release the merchandise, Customs

reads the bar code into a personal computer, verifies that the bar code matches the invoice
data, and enters the quantity. The cargo release is transmitted to the Automated Commercial
System, which establishes an entry and the requirement for an entry summary, and provides the
Automated Broker Interface system participants with release information.
Liner shipping - Services provided by a steamship company or shipping line, under which cargo
vessels operate according to a fixed schedule and publicly advertised freight rates.
Liner terms - Freight rates which include loading/unloading charges according to the custom of the

respective ports which varies widely. Liner terms therefore is not a standard designation. ICC currently
working on establishing a standard liner term.
Society for Worldwide Interbank Financial Telecommunications (SWIFT)
Specially Designated Nationals (SDN)