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..??

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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..

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Do I need cargo insurance for my shipment..??

cargo insurance - shipping and freight resource

Cargo insurance is a type of insurance that protects a buyer or seller of goods against damages or loss of cargo..

Despite insurance having been around for centuries, there is still a feeling that any form of insurance is a “grudge purchase” and in the case of cargo shipments, many people ask the question “Do I need cargo insurance for my shipment“..??

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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.

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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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First cross-bank blockchain based letter of credit transaction completed

Press Release - Shipping and Freight Resource

Standard Chartered announced the successful completion of the first cross-bank Letter of Credit (LC) transaction between Vietnam and Thailand conducted over blockchain, in partnership with Asian Development Bank (ADB), Bank for Investment and Development of Vietnam and Standard Chartered Bank (Thai).

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Importance of declaring the correct cargo weight

Featured Image for container weight infographic

Misdeclaration of container weights has been an issue that has been going on for a long time and has plagued many a shipping line, ship and port operators..

In a recent article, I wrote about the basics of container stowage planning and why it is so important..

In this article, I thought it would be worth reiterating the importance of being accurate in the declaration of the weights..

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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..

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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..

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Product Review : CargoX Platform – secure, trusted, instant transfer for trade documents

Product Review by Shipping and Freight Resource

The world of shipping involves several commercial, documentary, operational and financial processes..

While there have been many developments in the industry, a lot of the documentary processes in shipping and freight has stayed much the same for many decades..

Delays in document transmissions which could take anywhere between 5-10 days with the added risk of loss or delay of documents have severe consequences such as demurrage, detention and/or port storage, possible loss or cargo damage due to non-clearance and abandoned cargo..

CarogX Platform, a neutral, public blockchain-based platform is offering to provide a solution which will help to digitalize the trade documentation process using BDT (Blockchain Document Transfer) and reduce document transmission time to 20 seconds..!!

I took the platform for a test drive to see how it works and if it can assist the industry in saving costs and making the process of document transfer simpler, easier, economical and more importantly, secure and safer..

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What is a Certificate of Origin..??

Certificate of Origin Shipping and Freight Resource

If you are in the business of international trade you would have no doubt heard about a Certificate of Origin.. But not everyone is familiar with what is a certificate of origin, why it is required, who issues it etc.. This article aims to clarify these points..

A Trade agreement is a contractual arrangement between countries concerning their trade relationships and how they conduct trade with each other..

Customs department in the importing country may require a “proof of origin” in order to determine whether or not the cargo that is imported may be subjected to trade measures such as the preferential duty tariff (for stuff that is imported from with the PTA bloc), free trade deals, prohibited goods etc..

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Government of India drives digitalization of the bill of lading and trade documents with Portall and CargoX

Government of India

India is digitalizing its bills of lading and other trade documentation workflows as one of the last missing elements within the country’s electronic Port Community System (PCS).

The PCS, offering the P-CaSo curated marketplace of specialized services, was built by Portall Infosystems, and they have integrated CargoX’s Platform for Blockchain Document Transfer (BDT).

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What is a letter of credit, how it works and who needs it..

sales contract and trade

Many of you would have come across the term Letter of Credit (L/C)..

If you are a shipping line, you would have heard this term from various customers asking you to expedite the draft bill of lading for checking by the bank or for the release of the bill of lading to be expedited because the shipment is under L/C..

If you a freight forwarder or agent, you may have been put under pressure by the BCO to get all the documents required by the L/C sent to them in time..

If you are a BCO, you may have been told by your bank that the documents submitted do not match the requirements of the L/C and some of the documentation may need to be redone..

So what exactly is a Letter of Credit, what is the need for a letter of credit, who issues it and how does it work..

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Cargo release without Original Bill of Lading – COVID-19

cargo release without original bill of lading

The pandemic that is COVID-19 is sweeping the world, disrupting global trade patterns like never before.. When one part of the globe is starting to settle down, the other part starts or spikes..

No one has any real idea of how long it will take for the world to get back to normal and its after effects..

Shipping lines, importers, exporters, ports, terminals, Governments, all businesses, insurance companies have all been affected by the pandemic and continue to look for ways to make the business of shipping as easy as possible considering the severe constraints everyone is going through..

This issue is also putting some of the documentary issues and cargo releases under pressure and leaving the industry to face the unknown.. One such issue that is affecting business is the transmission and handling of Original Bills of Lading..

There are a few options that customers can exercise to secure release of cargo without Original Bill of Lading..

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ONE more line goes the route of Electronic Bill of Lading

featured image for EBL

Probably not related to COVID-19 but right on time, Ocean Network Express (ONE), the world’s sixth largest container line became the latest shipping line to offer fully electronic bills of lading to their customers..

As we have seen, we are in a unique moment in history as COVID-19 sweeps through the world affecting all countries around the world and in many cases disrupting the flow of physical documentation flow, especially with regards to Original Bills of Lading..

ONE announced recently that they handled their first ever electronic negotiable Bill of Lading (eB/L) using essDOCS’s paperless document solution, CargoDocs..

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