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Showing posts with the label Bill of Lading

Non-Negotiable Sea Waybill

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A non-negotiable sea waybill is a transport document covering port-to-port shipments. It is not a title document, is not negotiable and cannot be endorsed. A complete non-negotiable sea waybill contains the following elements: Name of the carrier with a signature identified as that of carrier, or ship's master, or agent or on behalf of either the carrier or the ship's master An indication or notation that the goods have been loaded on board or shipped on a named vessel. also, the date of issuance or date of loading An indication of the port of loading and the port of discharge as specified in the original sales contract or documentary credit A sole original or if issued in multiple originals, the full set of originals The terms and conditions of carriage or a reference to the terms and conditions of carriage in another source or document In a documentary letter of credit, no indication that the document is subject to a charter party and/or an indication that the nam...

Bills of Lading

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A bill of lading is a document issued by a carrier to a shipper, signed by the captain, agent or owner of a vessel, furnishing written evidence regarding receipt of the cargo, the conditions on which transportation is made (contract of carriage) and the engagement to deliver goods as the prescribed port of destination to the lawful holder of the bill of lading. A bill of lading is, therefore both a receipt for the merchandise and a contract to deliver it as freight. There are a number of different types of bill of lading a number of issues that relate to them as a group of documents. Straight Bill of Lading (Non-Negotiable) A straight bill of lading indicates that the shipper will deliver the goods to the consignee. The document itself does not give title to the goods (making it non-negotiable). The consignee need only to identify himself to claim the goods. A straight bill of lading is often used when payment for the goods has already been made in advance or in cases where ...