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Simple English definitions for legal terms

S/D B/L

Read a random definition: zygnomic

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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shaquilleoatmeal
12:32
you grow through what you go through bunny, you know for the next relationship what you deserve
I want to run you guys through a scenario to see what yall think. Go to off topic for the one time lol
12:34
gotchu
hello friends
13:09
Yo
lawguy we're nearly stats twins :D
13:13
I saw that, and I saw you got the Georgetown interview invite yesterday too! Goodluck!
you too haha, i was super surprised to have received one so early not gonna lie
i heard the group interview is really chill and I'm kinda excited to do it
seems cool
13:14
Yeah, 7sage has a page that talks about the questions for each schools interview, GULC's seems unique
13:15
Idk how much of an effect it has on admissions chances but should be cool either way
ive heard the conversion rate for gulc group interview is pretty high even moreso if you have the stats
it's hard to say but i've also heard that the group interview is harder to get than the alumni interview. but who really knows tbh
im p sure they don't interview everyone and getting one this early should be a great sign!
13:16
Yeah I've heard the same ab the group interview
13:17
So maybe I'll see you in D.C. a year from now lmao
initiallaw
13:32
Speaking of stat twins kazuyamishima were exact stat twins lol
17:13
Anyone going to the UGA zoom thing on the 22nd?
17:16
My bad, 24th*
Idk, what's it for?
@Law-Guy: How'd you get the Vandy fee waiver?
17:32
What does going ur3 in 3 days mean at Uva 😅
that you will get UR2 in 3 more
17:33
somethings gotta give
I’m new. What’s the UR and UR2?
17:35
I already went ur2. It’s the 3rd status date change
17:35
@RustyWrangler: attend one of their virtual info sessions and they'll send you a fee waiver
@Law-Guy: Awesome, thanks! I'll sign up rn!
i'm not entirely sure
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