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The term "60 days against BL" refers to a payment term in international trade where the buyer is allowed 60 days from the date of the Bill of Lading (BL) to make payment for the goods. This arrangement typically involves a letter of credit or trade finance mechanism that provides assurance to the seller while allowing the buyer time to generate cash flow. It is commonly used in transactions involving significant goods or commodities.

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1w ago

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What are payment terms of AWB BL?

Payment terms include advance payment of goods and/or partial payment. In addition, a letter of credit can be submitted to the exporter of the good specifying a date which full payment will be received. This can be within 30, 60 or 90 days.


What is meant by payment term DA 90 days from BL?

The payment term "DA 90 days from BL" stands for "Documents Against Acceptance," where the buyer agrees to pay for goods within 90 days of the Bill of Lading (BL) date. This means that the seller will present the shipping documents to the buyer's bank, and the buyer must accept the documents, committing to pay the specified amount within the 90-day period. This arrangement allows the buyer some time to generate cash flow from the purchased goods before making the payment.


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"BL," "TL," "BR," and "TR" typically refer to the corners of a rectangle or square in graphical design and layout. "BL" stands for bottom left, "TL" for top left, "BR" for bottom right, and "TR" for top right. These terms are often used in contexts such as positioning elements in user interfaces or defining areas in images.


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What is forwarders Bill Of Lading and what is the difference between shippers BL and forwarders BL.?

i do not no