How do I know the bill of lading issued is a House Bill or Master Bill..??

shipping and freight question

“How do I know the bill of lading issued is a House Bill of Lading or a Master Bill of Lading..?? Is it mentioned anywhere on the bill of lading that it is a House Bill or a Master Bill”

I really love such basic but curious questions because it rejuvenates the gray matter.. Let’s explore this question..

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NVOCC register created and minimum standards set for the issuance of NVOCC Bills of Lading

nvocc register - shipping and freight resource

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 guessed it – Non-Vessel Owning Common Carriers (NVOCCs)..

The IMB identifed that there is a prevalence of issuance of incorrect NVOCC bills of lading by the NVOCC which is then presented to banks and other stakeholders in the trading and finance chain, with the aim of defrauding the trade finance system, possibly for the purposes of multiple financing, money laundering, etc..

The IMB has developed a business solution to mitigate the effects of this problem..

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Difference between a Freight Forwarder and NVOCC

difference between nvocc and forwarder

NVOCC and Freight Forwarder are entities that many customers use for the movement of their cargo around the world.. Is there a difference between a NVOCC and freight forwarder..??

Let us explore in this article..

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Can anyone issue a House Bill of Lading..??

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Say what..!!!!!!!! Yes my thought exactly when I got this question from a reader.. But then I said to myself this is a very valid and interesting question..

What is a House Bill of Lading and can anyone issue a House Bill of Lading..?? This article examines this vital question..

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Who is a multi-modal transport operator & how do they differ from freight forwarder ?

It is always nice to get some feedback and inputs from the readers of the blog.. Here is one question that has come up : Who is a multi-modal transport … Read more here..

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