Bill of Lading slide.pdf

Ocean Bill of Lading or Marine Bill of Lading(B / L) is a transport document by sea signed by the competent person to the shipper after the cargo has been received for loading or has been loaded onto the ship. Bill of Lading is a document issued by the shipping company or his agent acknowledging the receipt of cargo to carry.

Bill of Lading

Concept:

Ocean Bill of Lading or Marine Bill of Lading(B / L)

is a transport document by sea signed by the

competent person to the shipper after the cargo

has been received for loading or has been loaded onto the ship.

Bill of Lading is a document issued by the

shipping company or his agent acknowledging the receipt of cargo to carry

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Main functions of Bill of Lading

It has three main functions

 First, it is a document of title to the goods

described in the bill of lading

 Secondly, it is a receipt for the shipped products.

 Finally, the bill of lading represents the agreed terms and conditions for the transportation of the goods.

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Bill of Lading

 Scope of use:

 For sellers:

• B / L proof of fulfillment of the delivery obligations

B / L is an indispensable document when making payment order

 For buyers:

• Based on B / L to check if the seller has fulfilled the delivery obligation

• Use B / L to receive goods

• Use B / L to transfer, buy and sell goods.

Bill of Lading

 Scope of use:

 Other cases:

• B / L is an important document used in resolving

disputes, complaints and lawsuits between related parties

• B / L is a document in the claim file (insurance)

• B / L is also a document to be used when

completing procedures, customs declaration

Bill of Lading

 Form of B / L:

 Size, color: usually A4 size The original can print front and back colors Copy is usually printed with black ink on the front, the back is empty

 Front view: very diverse, depending on the design

of the shipping lines

 Title: it does not determine the type of bill of

lading and mode of transport To understand

these two issues, it is necessary to base on

specific content on B / L

Some titles of bills of lading

 Bill of Lading

 Ocean Bill of Lading

 Marine Bill of Lading

 Sea Bill of Lading

 Liner Bill of Lading

 Port to Port Shipment Bill of Lading

 Through Bill of Lading

 Bill of lading used for multimodal transport (or

combined transport) and sea transport from port

to port::

 Bill of Lading for Combined Transport Shipment

or Port to Port Shipment

 Bill of Lading for Multimodal Transport Shipment

or Port to Port Shipment

Some titles of bills of lading

 Multipurpose bill of lading:

 Bill of Lading or Sea waybill for Combined

Transport Shipment or Port to Port Shipment

 Bill of Lading – Not Negotiable unless consigned

to order

 FIATA Bill of lading (Fédération Internationale

des Associations de transitaires et Assimilés):

 Negotiable FIATA Combined Transport Bill of

Lading

Some titles of bills of lading

Types of Bill of Lading(10 types)

(1) Received for Shipment B/L: A shipping

company issues it when goods have been

given to the custody of the shipping company,

but they have not been placed on board.

(2) On Board Shipped B/L: The shipping

company certifies that the cargo has been

received on board the ship.

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(3) Clean B/L: It indicates a clean receipt In other words, it implies that there has been no defect in

the apparent order or condition of goods at the time

of receipt or shipment of goods by the shipping

company

(4) Claused or Dirty B/L (Unclean B/L): It shows

that the B/L is qualified which expressly

declares a defective condition of goods

By superimposing this type of clause, the shipping company is limiting its responsibility at the time of delivery of goods, at the destination

It is very important to note that bank accepts only a clean B/L at the time of negotiation.

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(5) Transshipment or Through B/L: When the

journey covers several modes of transport from

the place of starting to the place of destination, this

type of B/L is taken It indicates that transshipment

would be en route For example, part of the journey

is by ship and the rest of journey may be by road,

rail and air

(6) Stale B/L: According to international

commercial practice, B/L along with other

documents must be presented to the bank not later

than twenty one days of the date of shipment as

given in the B/L

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(7) To Order B/L: In this case, the B/L is issued to the

order of a specified person.

(8) Charter Party B/L: It covers shipment on a

chartered ship.

(9) Freight paid B/L: When the shipper pays the freight,

then this type of B/L is issued with the words “Freight

paid”.

(10) Freight Collect B/L: When the freight on the B/L is

not paid and to be collected at the point of destination,

it is marked “Freight Collect” and this B/L is known as

“Freight Collect B/L”.

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 Content of Bill of Lading

Nơi giao hàng (Place of Delivery)

Tên tàu & số hiệu chuyến tàu (Vessel & Voy No.)

Số lượng vận đơn gốc (Number of Original B/L)

Bill of Lading

Ký mã hiệu & số hiệu hàng hóa (Marks & Numbers))

Số lượng và mô tả hàng hóa (Number & kind of

Packages: Description of Goods)

Trọng lượng cả bì (Gross Weight)

Thể tích (Measurement)

Tổng số container hoặc kiện hàng được ghi bằng chữ (Total No of Containers or Packages in words:)

Bill of Lading

Ngày và nơi phát hành B/L (Place and Date of Issue)

SHIPPED on Board the Vessel Date:

By: (signed)

Xác nhận về ngày hàng được bốc lên tàu

Người phát hành vận đơn ký tên (Signature)

Bill of Lading

SIGNIFICANCE OF BILL OF LADING

Importance to the Exporter

1 It is an acknowledgment from the shipping company that the goods have been received for the purpose

of shipment 2 After receipt of B/L, it helps him to

send the shipping advice to the importer

3 If any damage occurs to the cargo during transit, he can hold the shipping company responsible, if he

has received clean bill of lading

4 A copy of bill of lading is required to be attached to

the application form to claim the incentives

5 It is a contract of carriage between the exporter

(shipper) and the shipping company

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SIGNIFICANCE OF BILL OF LADING(cont )

Importance to the Importer

1 It is a document of title to the goods, which enables him to transfer the title by endorsement and delivery

2 The exporter can send a non-negotiable copy of B/L

as advance intimation of shipment to the importer

3 It enables him to pay the freight amount as the B/L

contains freight details

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SIGNIFICANCE OF BILL OF LADING(cont )

Importance to the Shipping Company

1 It helps the shipping company to collect the freight

amount from the exporter (CIF contract) or importer (FOB contract)

2 Shipping company can protect itself from the

wrongful claims of exporter/importer by incorporating condition of goods/packaging, at the time of receipt

In case the shipping company, inadvertently, omits

to mention the adverse condition, at the time of

receipt, advantage can be claimed by

exporter/importer, by submitting wrongful claim

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