Another shipping line goes electronic with their bills of lading, this time Hapag Lloyd

electronic bill of lading - mletr

Global trade rebounded in Q1 2021, increasing by about 10% YoY and 4% QoQ. It is expected to further rebound in Q2 and projected to grow by 16%. However the outlook remains uncertain as per UNCTAD.

While global trade grows and shipments crisscross across the globe, the documentation for these shipments are still in paper mode even in this digital age.

Dealing with physical printing of paper is a practice that the shipping industry continues to depend on and these paper documents includes insurance policies, invoices and some very important documents like bills of lading.

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How many original bills of lading must I surrender to get release of cargo..??

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How many original bills of lading must I surrender to get release of cargo..??

This question popped up on my comments and emails quite a few times since the beginning of this year and therefore I decided to write this short note to answer it..

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Liability of the shipper on the bill of lading

Opinion Piece

There have been several questions about the “liability of a shipper on a bill of lading”.. As we have discussed, any one can be a shipper on the bill of lading and may not necessarily be the actual exporter or seller of the goods that are covered in the bill of lading..

It is not uncommon for a Seller to be pursued by the Carrier for unpaid charges incurred in relation to the cargo, say, due to the Consignee failing to come forth and take delivery.

More often, this comes as a shock to the Seller given that they may have received payment under their contract for sale of goods and subsequently transferred the negotiable Bill of Lading by endorsement (either to a named party or in blank).

The Seller generally presumes that they do not bear any liability and instead believe that the Carrier only has a right to pursue the Consignee.

The below article by Muthu Jagannath explains the liability of the entity who is listed as a Shipper in the Bill of Lading (“BL”)..

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Letter of Credit requires IMO Number to be shown on Bill of Lading

release of cargo without bill of lading

A case study on the obligations of a shipping line in terms of clauses/notations to be mentioned in a bill of lading.. Based on a real life question from a reader..

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Checking of Bill of Lading against Customs documents

bill of lading vs customs documents

Why does a shipping line or agent check or have to check a Bill of Lading against customs documents.. What are they checking for and what should they be checking for..??

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Which is the most important function of a bill of lading and why..??

functions of bill of lading

A Bill of Lading (B/L) is one of the most commonly used commercial documents in the history of shipping and freight.. This document is issued in one form or the other for all shipments whether container, bulk, break bulk, RoRo or in other forms of carriage..

A Bill of Lading has 3 basic functions.. But which is the most important function of the bill of lading..??

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What are the main causes of Demurrage and Detention

causes of demurrage and detention

In one my previous articles, I explained the Difference between Demurrage and Detention..

After reading this, a few of my readers have asked me to explain the causes of demurrage and detention..

There are several reasons a container(s) can incur demurrage and/or detention or combined demurrage and detention.. Here are some of the major reasons..

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What is a Delivery Order and who issues it..??

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If you are in the shipping and freight industry, you would have no doubt heard about a Delivery Order..

This article explains in detail all about a Delivery Order – what is it, who issues it, who should it be issued to and its importance..

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When can a bank guarantee against a lost bill of lading be cancelled..??

In cases where an original bill of lading is lost, there are several steps that need to be taken to carry on business and secure release without an original.. I previously wrote about What to do when an Original Bill of lading is lost so I am not discussing it again here..

One of the solutions for release without original bill of lading is a Bank Guarantee..

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MSC introduces new Electronic Bill of Lading globally using WAVE BL platform

Press Release - Shipping and Freight Resource

MSC Mediterranean Shipping Company, a global leader in container shipping and logistics, is officially introducing the electronic bill of lading (eBL) for its customers around the world, following a successful pilot phase, using a solution on an independent blockchain platform WAVE BL.

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Do banks verify whether the cargo has actually been loaded on a ship..??

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Shippers who deal with documentary credit know that the clause “Shipped on Board” on the bill of lading carries quite a bit of weight and there is often a lot of discussions, disputes and rejections from the side of the bank if there is any discrepancy in bill of lading in terms of the description of goods, customer details, shipped on board date, stamp or signature..

Since they are being so strict with documentation, one would naturally assume that the banks will verify whether the cargo covered in the bill of lading has actually been loaded on board the ship or not..

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Is a Delivery Order a legal document..??

By definition, “A Delivery Order is a release document issued by the carrier releasing the cargo to the consignee mentioned in the bill of lading” It is issued by the carrier … Read more here..

How to safeguard cargo release using the correct type of bill of lading

Safeguard Cargo Release

An article on how to safeguard cargo release using the correct type of bill of lading.. This article is based on a case study information received from one of the readers..

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ZIM & Marius Nacht complete additional investment in WAVE BL

press release shipping and freight resource

Haifa, Israel – March 15, 2021 – ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) and Marius Nacht, one of Israel’s leading serial entrepreneurs and investors, announced today that they have … Read more here..

Electronic bill of lading – are you and your country ready for it..?? – Part 2

electronic bill of lading - mletr

In Part 1 of this article I wrote a bit about the history of globalisation and trade and its connection with the bill of lading and the road to Electronic Bills of Lading..

I also posed the question whether you and your country are ready for electronic bill of lading..

An electronic bill of lading is a paperless bill of lading that is issued electronically said to fulfill the above functions in the same manner as a traditional paper bill of lading..

Many believe that the electronic bill of lading will be a game changer in the shipping industry with its faster, efficient transactions, reduction in costs with greater security and less risk..

While various countries have various regulations and legislations which allows contracts to be created and signed electronically, the legal status of the electronic bill of lading seems clear as mud..

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