The International Maritime Bureau (IMB) estimates from its work in verifying Bills of Lading that over 95% of all improperly issued Bills of Lading are issued by – yeah you … Read more here..
Previously we had reviewed how blockchain based smart bills of lading work in general and what smart bills of lading can do.. We also reported on news of shipping lines … Read more here..
Blockchain – that newfangled concept seems to be catching on quickly and moving along quite nicely in the shipping and freight industry.. A Blockchain is a ledger that uses cryptography, … Read more here..
A Notify Party is one of the many parties involved in a shipment reflected in a Bill of Lading, forming an import part of the documentary process.. This article discusses … Read more here..
A burning question that is circulating currently in the container industry is whether the Tare Weight of a container should be included in the weight shown in the Bill of … Read more here..
If multiple notify parties are used on the bill of lading for a shipment, do they have a different role and responsibility..?? Are they similar or different..?? And what is … Read more here..
Is there a relationship between consignee and notify party in a bill of lading..?? Simple enough question.. But the answer may not be as simple.. Read on to understand the … Read more here..
Do banks verify if cargo is actually loaded on a ship..?? Shippers who deal with documentary credit know that the term Shipped on Board carries quite a bit of weight … Read more here..
When answering my last post Question regarding cargo under Letter of Credit, I mentioned that part bills could be a solution for two shipments in a same container where part … Read more here..
In my last post, I posed a question on behalf of a reader about the possibility of two cargoes being shipped under one bill of lading where one cargo is … Read more here..
What happens if the exporter would like to send in the same container goods covered by L/C in addition to some other goods. Should the carrier issue two bills of … Read more here..
In this article, I talk about 3 questions received from a reader relating to Received for Shipment notation on a bill of lading.. 1) Will a bank accept a bill … Read more here..
There are several notations/clauses that are used in a bill of lading and one such important notation relates to “Freight”.. Freight maybe defined as the price that is charged by … Read more here..
A Notify Party is merely someone that needs to be notified about the arrival of the cargo covered in the bill of lading.. The details of the notify party are … Read more here..
True to the nature of its business, the business of shipping and freight is a vast ocean covering many issues and areas which sometimes seems unfathomable.. A Bill of Lading … Read more here..