What is Blind 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.
Audio Definition/Pronunciation
- B2B, B2C & B2G Sales
- Bad Credit Business Loans
- Balance Sheet
- Balloon Loan
- Bankruptcy
- Bill & Hold
- Bill of Lading
- Bookkeeping
- Bootstrapping
- Borrowing Base
- Break-Even Point
- Bridge Loans
- Burn Rate
- Business Acquisition
- Business Credit Protection
- Business Credit Report
- Business Credit Score
- Business Line of Credit Requirements
- Business Loan