The logistics industry faces a unique set of circumstances and challenges in Bangladesh. Under local rules, all exports must be done under cover of a ͚Latter of creditor a sales contract. Due to this, all Ocean Freight Bills of Lading have to be consigned to the local bank involved with the actual shipper listed as the shipper.
In air freight, the MAWBs can be consigned as normal (between agents) but the HAWBs have to list the origin bank as the shipper and the destination bank as the consignee. Thus, in both sea and air freight exports, cargo has to be released against bank authorization.
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