Ocean freight from one country to another what does "surrender the original bill of lading" mean?

Question

I am having some frieght shipped through another country and the original bill of lading has been "surrendered" and a new bill of lading created. What does this mean exactly?

Answer 1

Try this website...they have a host of information on buying and selling goods internationally and cover all aspects of payments...

http://www.creditmanagementworld.com/letterofcredit/lcinternationalstart.html

Be sure to check-out their glossary section too...

http://www.creditmanagementworld.com/glossary.html