Types of Bills of Lading
Types of Bills of Lading
Types of Bills of Lading
The Master Bill of Lading is issued by the shipping line or carrier. It is also
known as the Ocean or Carrier Bill of Lading.
In the Master BL, details of the cargo and carrier must be identical to that
of the House BL barring one crucial difference. The “consignor” in the
Master Bill of Lading is the agent, freight forwarder or NVOCC of the actual
seller while the “consignee” is the agent freight forwarder or NVOCC of the
actual buyer.
A Straight Bill of Lading is issued when the customer has made the
complete payment for the shipment in advance, and gets the right to
receive the consignment directly. The consignee must receive the delivery,
and has no way to renounce the right to another person. This is why it is
known as a non-negotiable instrument.
This is the most common kind of Bill of Lading. Unlike the Straight Bill of
Lading, it is a negotiable instrument that allows the consignee named in
the document to renounce their right to receive the goods to a third party.
This Bill of Lading is issued by the carrier after it inspects the goods. The
document declares that the shipment was received in good condition, in
the right quantity and packaging and that there was no damage during
transport.
3. Based on Transportation
4. Other Important Bills of Lading
Seaway bill
A Seaway bill, also known as the Express Release Bill of Lading or Straight
Bill of Lading, is not technically a Bill of Lading. It is similar to the Bill of
Lading because it acts as a receipt of the goods as well as a contract of
carriage. The key difference, however, is that it is not a document of title.
A Seaway bill is used when there is a high level of trust between the
shipper and the owner of goods. The receiver doesn’t need to present it for
cargo delivery; they will only have to establish their identity to take
possession of the goods once it arrives at the port.
The carrier issues the RFS or Received for Shipment Bill of Lading to
confirm the receipt of the container at the port for loading purposes. It does
not indicate that the goods have been placed on board the ship. This
document is replaced by a Shipped on Board Bill of Lading when the goods
are placed on the ship.
The Received for Shipment BL is generally used for shipments with shorter
transit times. Usually, a Bill of Lading is couriered to the consignee so that
they can take delivery of the shipment when it arrives at the port. But when
transit times are short, sometimes the consignee doesn’t get the Bill of
Lading in time to receive the cargo. Carriers usually release a Received for
Shipment Bill of Lading to give the shipper more time to courier the
document to the consignee.
Shipped on Board Bill of Lading
The Shipped on Board Bill of Lading is an acceptance from the carrier that
it has received the goods and loaded the goods onto the ship. It is released
post the sailing of the vessel.