Question

What is a bill of exchange and a bill of entry?

Answer 1

A bill of entry or lading is an authoritative report that is documented by shippers or customs leeway specialists at the moment of arrival of imported merchandise. It’s submitted to the Customs office as a piece of the traditions leeway technique.

A bill of trade is a report utilized in worldwide transportation, a negotiable instrument that is made by the dealer or exporter and given to the purchaser or shipper.

Also read:

• Difference Between Bill of Exchange and Promissory Note
• Types of Bill of Exchange