Trading TermsSignificance Response Recursive Broker-dealer Straddle Documents against Payment (D/P)
Surrendered bill of lading liability (SBL)
Welcome to our lesson on finance terms. One important concept to understand is a term import documentary credit. In this arrangement, the bank receives the documents from the negotiating bank, but the importer does not pay until the draft reaches maturity. This is known as a Surrender Bill of Lading (SBL), where the bill of lading signifies the transfer of ownership and selling rights of the goods. It is crucial to comprehend this direct liability in finance.
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