The Bill of Lading

7/29/2019 The Bill of Lading

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The Bill of Lading

Hugo Fernando Rivera 63112703

Juan Felipe Suárez 63112600



Introduction

The activities of international trade, such as transport and

trading conditions, procedures have to be carried out

individuals involved in these activities, it is important for

both buyers and sellers meet requirements and measures

so that the regulations adopt a uniform commercialpermitting flow of business transactions and logistics for

the movement of cargo from origin to final destination.

one of these instruments is the Bill of Lading that has many

kinds of qualities that contribute to the rapid flow of information between the actors involved.



Key words

• Bill of lading: is a document to international transport.

• The Shipping Declaration: This is a document which is filled

out by the Shipper/Forwarding Agent.

• Initial carriage by (mode): The mode of transportation by

which the goods were carried, from the place where thecarrier received them under his responsibility, until the port of

loading.

• C.F.R: Code of Federal Regulations

•I.M.O: Inter – Governmental Maritime Organization



Background

• On the principle of ocean shipping was not yet known the bill

of lading.

• In the thirteenth century implements a receipt issued by the

captain of the ship.

Kind of forms in the time•

Like a receipt of goods• Poof of the existence of the contract of carriage by sea freight

• Receipt for shipment



Formalization of the term

• On August 24 of 1924, the Haya rules

through Brussels Internationalagreement formalizes the term bill of

lading.



What is the bill of lading?

• Is a document issued by the captain of the

vessel (shipowner or shipping agent) to

which the reception on board the goodsmentioned therein to be transported to

the port of destination, according to the

conditions and delivered to the holder of

the document.



OR…

• Contract by which a party called

carrier agrees to transfer, under a

defined relationship, specific goodsthrough a freight also determined and

committed to delivering the goods in

the state in which the received



FUNTIONS

• THE BILL OF LADING AS A CONTRACT

• IT IS A CONFIRMATION OF THE RIGHT OF

POSSESSION OF THE GOODS.• IT IS A RECEIPT AND CONFIRMATION OF

LOADING THE GOODS ON BOARD THE VESSEL.



Bill of lading as a contract

• The Bill of Lading is evidence to the existence of

a contract for the carriage of cargo between the

carrier and the Shipper

• Is based in three factors• The agreement between Shipper and Carrier.

• The remarks of the Tallyman and Chief Officer.

•Important standard remarks, which are, addedby the carrier according to the goods data,

country of destination etc.



It is a confirmation of the rigth

of posession of the goods

•

The Bill of Lading is a negotiable documentwherethrough its delivery to another party (on

the condition that ii is endorsed), the possession

rights, on the goods (or cargo) are transferred.



It is a receipt and confirmation

of loading the goods on board

the vessel.

• A properly endorsed original Bill of Lading gives the

right to the possession of the goods covered by suchBill of Lading.

• The cargo will not be delivered by the Carrier to theholder of the Bill of Lading if it is not properly

endorsed.





THE LEGAL BASIS OF THE

BILL OF LADING

• The basis of this document is in the locas

laws to the first and second target, but

the third is based in the trade practice.





It must be distinguished

between the original Bill of Lading and its copy:







Original

• Only the original Bill of Lading validly fulfills, the threepurposes mentioned and that only on the condition that it is

properly endorsed on it’s reverse side.

•

•

The number of original Bills of Ladings to be issued dependson the agreement between the carrier and merchant.

•

• On the Bill of Lading there is a special provision where thisnumber will appear.



Copy

• A Copy of a Bill of Lading serves all thosewho are involved in the business and need

particulars about the goods and their

carriage. The Carrier issues a number of copies according to the merchant’s wish.



Details of the Cargo and Carriage

On the face of the Bill of Lading the following details willappear:

• Particulars of the Shipper, Receiver and the receiver’srepresentative as well as the notified party.

• Particulars concerning the course of the cargo carriage.

•Sender’s remarks.

• Detailed description of the goods as provided by theShipper, sometimes ascertained by the Carrier.

• Particulars concerning the freight and Carrier’s remarks.

• Various administrative particulars (such as No. of original

documents issued, the number of the Bills of Lading,Agent’s signature for and on behalf of Master, etc.).

• Carriers remarks and additional remarks of the Shipperwho do not harm the Carrier.



SOURCES OF THE BILL OF

LADING • The Shipping Declaration

• The document contains details about the goods/cargo and the

way of carriage requested by the Shipper.

• Remarks as per Shipper’s request

• Remarks which oblige only the owner of the goods (for whichspecial sections are allotted).

• Chief Officer’s Remarks

• Remarks and data concerning the condition of the goods, as

noted by the Chief Officer during loading of the cargo.

• Carrier’s Remarks and Specifications

• Administrative particulars.

• Vital remarks resulting from the form of carriage (House to House, Pier

to Pier, etc.), sort of cargo, it’s condition, or country of destination.



PARTIES TO THE BILL OF

LADING • SHIPPER/EXPORTER (NAME & ADDRESS)

• CONSIGNEE (NAME & ADDRESS)

•

• NAME OF RECEIVER AND HIS ADDRESS, when a direct deal has

been made between Shipper and Receiver.

• TO ORDER

•

•

•The term TO ORDER itself, when the Bill of Lading is a Bearer Billof Lading.

• TO ORDER OF BANK, When a bank is involved in the deal.

• NOTIFY (NAME & ADDRESS)





CARGO CARRIAGE BOXES

(UNDER CARRIER’S

RESPONSIBILITY • The Carriage Boxes



Asterisked boxes

• As shown in the illustration above, these boxes may be divided

into 3 main parts:

•

• A land stretch prior sea.

• A Maritime stretch.

• A land stretch to final destination.

• INITIAL CARRIAGE BY (MODE)

• PLACE OF RECEIPT OF GOODS* (IF CONTRACTED FOR)

• LOADING VESSEL * VOY.

• PORT OF LOADING *

• PORT OF DESTINATION *

• FINAL DESTINATION * (IF CONTRACTED FOR)







The parts of this box

• MKS. & NOS./ CONT. NOS.

• DESCRIPTION OF GOODS• WEIGHT

• MEASUREMENT



Specification of the kind of



Specification of the kind of

cargo



The group of special cargoes

include: • Charges or goods, classified as dangerous.



• Refrigerated charges

• Hints and Guide Lines:

• Make sure that the temperature appearing are

in centigrades.• Ensure that the temperature of the container

when delivered fits the temperature appearing

on the documents.

• A refrigerated container (named also reefer)

keeps the temperature. It does not chill).



Other particulars and

description of the goods

• WEIGHT

• MEASUREMENT

• TOTAL



FREIGHT PAYABLE AT



The paid of the freigth…

Is relationed with:

• The place of payment, which could be any place in theworld where the shipping company (the Carrier) has anagency.

• The term of payment, as agreed between the carrier andthe shipper, namely:

• PREPAID

• COLLECT



Form of Carriage

• HOUSE TO HOUSE

• HOUSE TO PIER

• PIER TO HOUSE

• PIER TO PIER





Conclusion

• the bill of lading is more than a

documentary requirement, its meaning

for foreign trade to prevail under the title

tool in information flows.

• that importance has to be evaluated

beyond the papers, and located as a

business tool.

The Bill of Lading

Documents