Executive Insights – Philip Teoh – Lawyer and Maritime Arbitrator

Executive Insights - Shipping and Freight Resource - Philip Teoh

Executive Insights is a series by Shipping and Freight Resource that provides insights and thoughtful analysis about the industry..

This series features selected individuals from the industry and is aimed at enriching the knowledge of the readers with what is happening in the shipping, freight, maritime, logistics, and supply chain industry..

Executive Insights also gives you a chance to pick the brains of these industry veterans, leaders, and enablers..

In this edition of Executive Insights, we caught up with Philip Teoh – Lawyer and Maritime Arbitrator, on aspects of International Convention of Carriages and other maritime matters..

Go to full article >>>

DCSA publishes data and process standards for bill of lading preparation and issuance

shipping and freight news - shipping and freight resource

DCSA has published data and process standards for the submission of shipping instructions and issuance of the bill of lading (B/L).

DCSA B/L standards are aligned with the UN/CEFACT (United Nations Centre for Trade Facilitation and Electronic Business) multimodal transport reference data model to ensure a global industry framework that accelerates digitalisation through a unified industry effort.

Go to full article >>>

Can a negotiable bill of lading be telex released..??

telex release - shipping and freight resource

Maybe because it is one of the most important documents in global trade, there always seems to be a degree of uncertainty around a bill of lading and questions such as this..

Many people have doubts regarding which bill of lading to issue, how many to issue..

There are also questions such as what is a Telex Release, how it works and under what circumstances a Telex Release maybe issued..

In this particular post, I will cover the circumstances under which a Telex Release maybe issued and whether a telex release can be actioned on a negotiable bill of lading..

Go to full article >>>

Help, shipping line won’t pre-date or back date my bill of lading

back dating bill of lading

Pre-Dating or Back Dating is when the shipper requests the shipping line to show the Shipped on Board date on the bill of lading as a date before the actual sailing of the vessel (example : the vessel actually sails on the 2nd of March but shipper wants the line to show the shipped on board date on the bill of lading as 28th of February)..

Why would a shipper want his bill of lading to be pre-dated or back dated and why would a shipping line reject this request..??

Go to full article >>>

Letter of Indemnity – Dos and Don’ts

loi

Many of you might have heard the term Letter of Indemnity (LOI) in day to day shipping practice..

There have been several arguments, discussions, commercial threats, litigation etc surrounding this LOI..

But many still have doubts on what an LOI is, when it can and should be used, whether it is legally enforceable and whether it is worth the paper it is written on..

I will try to answer these questions in this article..

Go to full article >>>

Fonterra completes first blockchain trade transaction using Wave’s BL

Press Release - Shipping and Freight Resource

Fonterra, one of the world’s leading international dairy processors, has completed its first e-presentation for a shipment from New Zealand to China using WAVE BL’s blockchain-based technology with HSBC as the banker.

This fully digital end-to-end Letter of Credit presentation, in which digital documents were cryptographically signed and presented using WAVE BL’s platform, is an example of the regular flow of documents between companies and banks during the international exchange of goods.

Go to full article >>>

Contour partners with CargoX to transform bills of lading

Press Release on Shipping and Freight Resource

Contour, the Singapore-based global trade finance network has today announced its partnership with CargoX, a blockchain platform for transferring documents and data including a certified electronic bill of lading solution.

The news follows Contour’s transition to full production, with the network supporting electronic bills of lading as part of digital transformation of trade.

Go to full article >>>

Implications of issuing a Clean on Board bill of lading

Many a time, shippers have asked shipping lines for “CLEAN ON BOARD” clause on a bill of lading and if the request relates to a container shipment, this might have very well been rejected by the shipping line..

Why do the shipping lines reject this..?? 

Go to full article >>>

How to achieve cost saving through digitalisation in shipping

Opinion Piece

Digitalisation is the use of digitisation (the transition from an analog format to a digital format) and digital technologies to convert your business to a digital business..

Digitalisation has been the buzzword in the shipping and freight industry in the last decade.. Its influence and coverage in the industry is increasing day by day..

Apart from the increase in efficiency and speed to market, one of the main advantages of digitalisation is cost saving..

There are several areas where cost can be saved using digitalisation.. Central among this cost saving opportunity is Time which is an important commodity and when it comes to shipping and freight, time is really money..

Digitalisation can assist customers a great deal in terms of saving cost on avoidable costs..

Go to full article >>>

FMC questions definition of “merchant” in carrier bill of lading

My Opinion

This definition of the term “Merchant” has caught the attention of the Federal Maritime Commission (FMC) who is soliciting public comment as to

  1. How VOCCs apply the term “Merchant” in their bills of lading;
  2. Whether the definition, as applied, subjects third parties who are not in contractual privity with the carrier to joint or several liability; and
  3. Whether carriers have enforced the definition of merchant against third parties that have not consented to be bound by, or otherwise accept, the terms and conditions of the bill of lading.

I have shared my personal opinion on this.. Have a read and share yours..

Go to full article >>>

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..

Go to full article >>>

MSC accelerates adoption of electronic Bill of lading (eBL) in India with WAVE

electronic bill of lading

The Electronic version of the most powerful document in shipping – the Bill of Lading has been making news for quite a while..

I wrote earlier that 2020 will be remembered as the year that saw the beginning of the end for the paper “Bill of Lading” and the year in which the switch to “Electronic Bill of Lading” (eBL) began in earnest..

Carriers are pushing more and more for the adoption of the eBL in various regions of the world with the aim to improve documentation flow and avoid costly delays to customers..

MSC has just released a statement confirming that they will be accelerating the adoption of their eBL with the WAVE platform in India..

Go to full article >>>

How do I verify if my goods were actually shipped..??

frequently asked questions

Over the years, I have received several questions from readers relating to a variety of topics on this resource..

Some of them are really valid questions especially if you consider that some of these questions may be from someone importing for the first time or someone exporting for the first time..

It makes you think of the issues that those entering international trade for the first time or shipping their first container would be facing in getting it completed successfully..

The business of shipping, freight and trade could all be a bit overwhelming as there are several processes to be followed and for those who are doing it for the first time, asking questions and finding the right answers is extremely important..

Here are some questions which I received from one of the readers of this resource, possibly, someone who is starting out new or someone experiencing some new problems with their shipments..

Go to full article >>>

If a bill of lading is an evidence of contract of carriage, then what is a contract of carriage..??

types of bill of lading - shipping and freight resource

A Bill of Lading is one of the most important documents in the shipping cycle and comes in different forms such as Negotiable or Order Bill of Lading, Seaway Bill of Lading or Express Bill of Lading and Straight Bill of Lading with further permutations and combinations such as Port to Port Bill of Lading, Combined Transport Bill of Lading or Multimodal Bill of Lading and Through Bill of Lading ..

As most of you may know by now, a Bill of Lading has 3 basic purposes or roles..

  1. Evidence of Contract of Carriage;
  2. Receipt of Goods; and
  3. Document of Title to the goods

In its role as Evidence of Contract of Carriage, the emphasis is on the term “Evidence” because contrary to popular belief, a Bill of Lading is neither

  1. a contract between the Seller and the Buyer nor
  2. a contract of carriage between the Carrier and Shipper

So if the bill of lading is the evidence of the contract of carriage, then what is the contract of carriage..??

This is the question in the minds of many in the industry and I will try to shed some light on this issue here..

Go to full article >>>

Carrier refuses to show commercial information on the bill of lading

carrier refuses to show commercial and sales information on the bill of lading

Carrier refuses to show commercial and sales information relating to the cargo on the bill of lading.. Are they being pedantic or are they right..??

Go to full article >>>

Share