Once after receiving original bills of lading from you, ABC in China surrenders the said original Bills of Lading with the carrier and make arrangements to issue another Bill of Lading to him, by mentioning shipper as ABC,CHINA and consignee as ZYZ, USA. This bill of lading is called ‘switch bill of lading’. So ABC in China sends the said bill of Lading to his buyer XYZ, USA. The said switch Bill of lading is used by ABC for discounting or negotiating his export bills with Bank.
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