A/R Finance & Factoring Terms GLossary

What isBlind Shipment

When the shipper and receiver are not aware of one another, the freight shipment is called a Blind Shipment. In such cases, the bill of lading lists the party that paid for the shipment as the shipper or receiver of the freight shipment. Why would someone utilize a Blind Shipment? Small Vendors and Suppliers worry about large companies discovering their sources and vice-versa. Blind Shipping minimizes this risk of being cut out of future transactions.

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OTHER TERMS BEGINNING WITH "B"

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