What is ocean bill of lading in SAP SD-FT - Foreign Trade?

SAP Term: ocean bill of lading

• Component: SD-FT

• Component Name: Foreign Trade

• Description: A contract between an exporter and an international carrier for transport of merchandise to a specified foreign market overseas. Ocean shipments require for domestic transport an inland bill of lading, and for international transport an ocean bill of lading representing the ownership of the floating merchandise. In combination with the purchase order, it transfers ownership and physical rights to the goods contained in the document. For guaranteed payment transactions, especially letters of credit, in which ship transport is required, it is the primary documentation for the goods. Forms of the document include the "Forwarding Certificate of Receipt" FCR and the "Fiata - Bill of Lading" FBL.

Smart SAP Assistant

• Key Concepts: 
  An ocean bill of lading is a document used in international shipping that serves as a receipt for goods, a contract between the shipper and the carrier, and a document of title. It is issued by the carrier to the shipper and is used to identify the goods being shipped, the origin and destination of the shipment, and other important information. In SAP SD-FT Foreign Trade, an ocean bill of lading is used to track shipments from origin to destination. 
  
  How to use it: 
  In SAP SD-FT Foreign Trade, an ocean bill of lading can be created in the system by entering the necessary information such as the shipper, consignee, port of loading, port of discharge, and other details. Once created, it can be printed or emailed to the shipper or carrier. The ocean bill of lading can also be used to track shipments from origin to destination. 
  
  Tips & Tricks: 
  When creating an ocean bill of lading in SAP SD-FT Foreign Trade, make sure all necessary information is entered accurately. This will ensure that the document is valid and can be used for tracking purposes. Additionally, it is important to keep a copy of the ocean bill of lading for future reference. 
  
  Related Information: 
  In SAP SD-FT Foreign Trade, an ocean bill of lading can be linked to other documents such as export contracts and export orders. This allows for better tracking and visibility of shipments from origin to destination. Additionally, an ocean bill of lading can be used to generate customs documents such as invoices and packing lists.