Switched bill of lading (B/L)

Switched bill of lading (B/L),

Definition of Switched bill of lading (B/L):

  1. B/L substituted by a carrier for an original B/L in accordance with the terms of a letter of credit (L/C). In a back-to-back L/C, for example, the original B/L (which shows the actual supplier as the shipper) is switched with another B/L that shows the middleman as the shipper and protects the identity of the actual suppler.

Meaning of Switched bill of lading (B/L) & Switched bill of lading (B/L) Definition