Decoding the Shipping Bill: A Comprehensive Guide for Exporters
To manage the complex international trade structure, shipping companies must adhere to a set of shipping regulations. One of the compliance is the shipping bill. A shipping bill is an application the exporter must fill out while transporting goods from one country to another. They must go through certain legal formalities, licenses, paying duties, taxes, and tariffs to ensure a smooth journey without legal hindrance. As a bill, it helps organizations have a uniform record of the companies' expenses and the products they carry. In this comprehensive guide to the shipping bill, we will decode all the formalities under it, its types, and its content. We will also discuss the documents that you need for a shipping bill. What is a shipping bill for exports? A shipping bill, a type of Bill of Lading (BOL), is a foundation document proving that transporting goods from one place to another is legal. The exporter or any other higher representative issues the document and ma...