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..
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..
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..
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..
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..
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..
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..
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..
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..
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..
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..
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..
One of the processes in shipping is Transhipment.. This article clarifies a readers doubt whether the Port of Loading mentioned in the bill of lading will change if the container … Read more..
Can I lodge an insurance claim with an original bill of lading or do I need all original bills of lading..?? The trigger for this topic is a question that … Read more..
This is the Story of a CIF contract and a Letter of Indemnity.. Seller is delivering CIF to Chinese port. The contract has an LOI provision if the original bill … Read more..