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Simple English definitions for legal terms

S/D B/L

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A quick definition of S/D B/L:

A S/D B/L is a type of payment document that combines a sight draft (an order to pay money on demand) with a bill of lading (a document that shows ownership of goods being shipped). It is used in international trade to ensure that payment is made before the goods are released to the buyer. A draft is like a written order to pay money, similar to a check. There are different types of drafts, such as a clean draft (with no shipping documents attached) or a time draft (with a specified payment date). Draft can also refer to the compulsory enlistment of people into military service or the act of writing or composing something.

A more thorough explanation:

Definition: S/D B/L stands for Sight draft with bill of lading attached. It is a type of draft, which is an unconditional written order signed by one person (the drawer) directing another person (the drawee or payor) to pay a certain sum of money on demand or at a definite time to a third person (the payee) or to bearer. A sight draft is payable on the bearer's demand or on proper presentment to the drawer. A bill of lading is a document that serves as proof of shipment and receipt of goods. When a sight draft is attached to a bill of lading, it means that the payment is due upon the delivery of the goods.

Example: An exporter in the United States ships a container of goods to a buyer in China. The exporter attaches a sight draft with bill of lading attached to the shipping documents and sends them to the buyer's bank. The buyer's bank will release the shipping documents to the buyer only when they pay the amount specified in the sight draft. Once the buyer pays, they can take possession of the goods.

This example illustrates how S/D B/L works in international trade. It provides security for the exporter that they will receive payment before the buyer takes possession of the goods. It also provides security for the buyer that they will receive the goods they paid for.

S.D. | S.E.

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real ones shop at bergdorf
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real ones shop at YMH
triplethread
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mamas getting denied
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the bergdorf on 5th Ave in NYC is so
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it feels like home
Dkk
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I'm at your mommas house rn: https://x.com/Mansavelli_/status/1648073454665572352
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with the emojis
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Joe's
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i shop at tawget
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im dawk gawthic maga
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i shop at giant eagle
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How did i miss Fordham and American’s wave and I applied in september 🙃
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Lol UC Davis took me of ED and put me in RD
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surprised I didnt get straight denied
HopefullyInLawSchool
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they emailed you/
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?
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@HopefullyInLawSchool: Yea, I just got it
i just want a cornell ii :(
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yak you will be fucking shit up at cornell this time next year dw
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love you too bby
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what if desantis appoints lara trump and matt gaetz to be floridas senators
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Sounds good to me
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@glovediedthisishismom: What if he appoint Ym instead?
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do schools straight reject people from ed or to they always ed-rd if its a no for ED?
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