The Bill of Lading<\/strong> (B\/L) is a basic document of the transportation industry, used in domestic and international shipping<\/strong>.<\/p>\n The Bill of Lading certifies:<\/p>\n The carrier takes responsibility for delivering the cargo in good condition.<\/p>\n According to the Navigation Code, the Bill of Lading, signed by both parties, is a binding contract with obligations and conditions stated on the back of the document, which has several functions:<\/p>\n The Bill of Lading is, therefore, a negotiable, representative of the goods and fractionable title<\/strong>.<\/p>\n The Bill of Lading is issued by the shipping company, in three originals, normally distributed as follows:<\/p>\n The B\/L therefore is sent by the company (or the issuer) to the rightful claimant (sender), who will in turn forward it to the consignee of the goods only once the consignee has proceeded with payment.<\/p>\n There are cases, however, where a full set (3\/3 originals) is required for a bank negotiation or at the express request of the supplier of the goods, and in special cases a larger number may be issued.<\/p>\n The bill of lading can be:<\/p>\n In both cases, therefore, the goods can be picked up only upon delivery of the bill of lading, and if the original is lost, the recipient may be denied delivery. Once one of the originals is used, the remaining two lose their validity (except for special constraints).<\/p>\n The bill of lading must be completed in its entirety, mandatorily including:<\/p>\n Another fundamental element that must be present on the Bill of Lading is the annotation “goods on board<\/strong>” dated and signed by the captain of the ship<\/strong>. If not, the document would have no value as a bill of lading but would become a simple receipt.<\/p>\n In this area of mandatory documents, there are many details and shades that bring with them specific terminologies. Let us look at the main ones together.<\/p>\n The Master Bill of Lading<\/strong> (MBL) is a document used in maritime transport issued by the carrier, i.e. the shipping company, to the person who entrusted it with the cargo:<\/p>\n The purpose of the Master Bill of Lading is therefore to certify the taking-over of goods pertaining to multiple shipments<\/strong>. This document can be issued for shipments:<\/p>\n This transport document is not significant for either the exporter or the recipient, as both will refer to the bill of lading for the specific shipment, issued for them by the shipper.<\/p>\n The House Bill of Lading<\/strong> (HBL), therefore, is always consequential to the Master Bill of Lading, or rather, to the presence of a figure intermediating the forwarding, the shipper. This document, in fact, is issued by the shipper for the benefit of the exporter as a receipt for taking charge of the goods<\/strong> and usually contains:<\/p>\n This is a characteristic of any bill of lading: it must be clean<\/strong>, meaning that it must not contain reservations<\/strong>, indications about the condition of the goods such as damage to packaging, goods, seals, etc.<\/p>\n In this case, the 3 original copies of the Bill of Lading are printed and stored in the home office of the shipping company. With the approval of all parties, the shipper authorizes the shipping company to “destroy” the set of originals<\/strong> and do a so-called “telex release<\/strong>” with a digital copy of the policy<\/strong>. This saves the cost of the express courier to physically send the original policies to the recipient, and most importantly, there is no risk of losing the originals.<\/p>\n Once the Bill of Lading is confirmed in all its details by the shipper, the printing of the set of 3 originals is not done, as is usually the case, but only copies with also digital validity<\/strong> are produced. Obviously in this case there must be maximum trust between the parties, as there is no possibility of having control over the release of the goods at destination. The advantage is that it saves both the cost of printing the original set and sending it by express courier.<\/p>\n \u201cThrough Bill of Lading\u201d<\/strong> means a direct or cumulative policy and is no longer used; it could be issued in the case of a transport performed by different modes by several carriers or when the place of pick-up or drop-off of the goods was different from the port of destination. In this case each ocean carrier took responsibility only for the section under its jurisdiction.<\/p>\n","protected":false},"excerpt":{"rendered":" What is the Bill of Lading? The Bill of Lading (B\/L) is a basic document […]<\/p>\n","protected":false},"author":1,"featured_media":739,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[11],"tags":[],"class_list":["post-863","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"featured_image_src":"https:\/\/www.cti-fwd.com\/wp-content\/uploads\/2024\/07\/CTI_Bill-of-lading.jpg","author_info":{"display_name":"MindsDeveloper","author_link":"https:\/\/www.cti-fwd.com\/en\/author\/mindsdeveloper\/"},"yoast_head":"\n
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Bill of Lading: who issues it?<\/h2>\n
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How to fill out a Bill of Lading<\/h2>\n
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Bill of Lading: some typologies<\/h2>\n
Master Bill of Lading<\/h3>\n
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House Bill of Lading<\/h3>\n
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Clean Bill of Lading<\/h3>\n
Telex Release<\/h3>\n
Express Release<\/h3>\n
Through Bill of Lading<\/h3>\n