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author's profile photo Former Member
Former Member

BOL

Hi All,

Can any one explain me about Bill Of lading (BOL) in SD MODULE.

Sreedhar

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3 Answers

  • author's profile photo Former Member
    Former Member
    Posted on Aug 02, 2006 at 12:01 PM

    check

    Bill of lading
    Identifies the number of the bill of lading with which the goods are to be transported.
    
    http://help.sap.com/saphelp_erp2005/helpdata/en/a8/b9920f452b11d189430000e829fbbd/frameset.htm

    Regards

    Prabhu

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  • author's profile photo Former Member
    Former Member
    Posted on Aug 02, 2006 at 12:41 PM
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  • author's profile photo Former Member
    Former Member
    Posted on Aug 02, 2006 at 01:56 PM

    Hi,

    I have tried to explain a cycle of Letters of Credit in SD: Flow of Goods and Value

    Note that at the end of cycle bill of lading is mentioned.

    The process for delivery of goods is as follows:

    Ÿ The exporter delivers the goods to the importer according to the terms agreed in the letter of credit.

    The letter of credit usually contains details such as mode of transport and loading/unloading

    points.

    Ÿ After dispatching the goods, the exporter presents the valid letter of credit and the required

    shipping papers to the negotiating bank. (The exporter can decide on a negotiating bank; usually, it

    is a bank at which the exporter has an account. The advising bank can, however, also be used as

    the negotiating bank.)

    Ÿ The negotiating bank checks the validity of the shipping papers. If the papers deviate in any way,

    the negotiating bank can refuse to accept the documents. If there is no problem with the shipping

    papers, the bank accepts them and pays the exporter the amount agreed for the transaction. Bank

    charges may be charged, depending upon the terms of the letter of credit.

    Ÿ The opening bank refunds the negotiating bank the amount paid to the exporter. The opening bank

    then receives the shipping papers presented by the exporter.

    Ÿ The opening bank negotiates payment from the importer in return for the shipping papers. The

    importer then pays the opening bank according to the terms agreed.

    Ÿ Upon receiving the shipping papers from the opening bank, the importer presents the bill of lading

    to the transportation firm and then receives the goods.

    Archer.

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