Issued by a bank at the request of an importer,a bill of lading states that the bank will pay a specified sum of money to a beneficiary,normally the exporter,on presentation of particular,specified documents.

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A bill of lading is a document issued by a carrier that confirms the receipt of goods for shipment. It does not involve any payment commitment by a bank to an exporter. However, a letter of credit issued by a bank at the request of an importer can provide payment assurance to the exporter upon presentation of specified documents, which may include a bill of lading.

Issued by a Bank at the Request of an Importer,a