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LSDefine

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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DarioDarko
16:15
Okay so this is a racist thing
eggan
16:15
ok lol ok im done engaging. anyway. hows everyones date
GO look at biglaw lawyers complaing about the crops since 2022 when the 2019 lsat changes started to impact things, they notice they need 16 hours to do what a 2008 grad did in 8
eggan
16:15
day*
AngryMiniCar
16:16
good until I got a -16 on RC cause I can't read. Lowkey paradoxical because LRs I get -1/-3
AngryMiniCar
16:16
Hbu lol
Usually -0 LG -0 LR -2 Rc
AngryMiniCar
16:16
Gimme some of that
eggan
16:16
ooo i have advice from a 169 scorer. basically with RC the main things you need to do to prepare are to pretend what youre reading is the most interesting thing ever, and prepare by reading more fiction (for adults)
eggan
16:17
novels like metamorphosis, brave new world, no longer human, crime & punishment, those kinds of novels for adults with complex language structure will be helpful (im just listing books i like but you can read anything)
Read moby dick
NosyBeagle
16:18
@AngryMiniCar: ill trade u for your lr score lol
NosyBeagle
16:18
@windyMagician: sounds good. I will start doing this
AngryMiniCar
16:18
Naww I worked my asssss off for that LR result
NosyBeagle
16:18
lmaooo
eggan
16:19
you atted windy lol you probably meant to at me but thats ok
Also also, at the same time, the biglaw lawyers increasingly are going "fuck these t30 hires are really good (the non accommodated 160s who would be t14 people in 2008 over these accommodated 170s in the t14 lmfao)" lolololol Also for RC just the more you do the better you are.
AngryMiniCar
16:20
@eggan: thanks! I'll do that.
16:20
Sometimes my mind just goes blank when staring at an RC passage
16:21
what helped me most for RC was that the right answer will always be in the passage, even if its only implied
16:21
so you just have to justify your answer choice with specific line support
NosyBeagle
16:21
maybe i forgot who i was talking to. you can't scroll after a bit lol
@PremiumFrequentCrane: i dont have accomodations you absolute buffoon
NosyBeagle
16:22
trying to see if i have it in me to do another lr set
NosyBeagle
16:23
the best i've done on lr has been -10. I have a long way to go
@NosyBeagle: you need to be drilling weak question types and not doing full sets if you're at -10
NosyBeagle
16:25
@windyMagician: i would send the salute emoji if this website supported them
NosyBeagle
16:25
will start doing this
here u go: 🫡
AngryMiniCar
16:26
^^ I will say wrong answer journal helped me a loooooottt. I would put a small note on the bottom of every reviewed question about a concept/ idea that I learned from my mistake and review it every once in a while. I came from -11
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