Bill of Lading or Sea Waybill [Choosing the Best Option ... | Original b l Sea waybill
Forstarters,wewillgooveroneofthemostimportantdocuments[1]withregardtoseafreight.Perhaps,youhavealreadycomeacrossthetermBillofLading(forshortB/L),oritssimilarcounterparttheSeaWaybill?WiththispostwewillprovideyouwitheverythingyouneedtoknowaboutBillsofLadingandSeaWaybills,howtheydifferfromoneanother,andwhichoneismorefavorableforyou.AnintroductiontotheBillofLadingTheBillofLadingorB/Lisamultifunctionaldocumentininternationaltradeandrelatesspecificallytosea-bornecargo.Mostnationallawsonseacarriage...
For starters, we will go over one of the most important documents[1] with regard to sea freight. Perhaps, you have already come across the term Bill of Lading (for short B/L), or its similar counterpart the Sea Waybill? With this post we will provide you with everything you need to know about Bills of Lading and Sea Waybills, how they differ from one another, and which one is more favorable for you.
An introduction to the Bill of LadingThe Bill of Lading or B/L is a multifunctional document in international trade and relates specifically to sea-borne cargo.
Most national laws on sea carriage are based on the International Conventions, which regulate Bills of Lading: Hague Rules[2] (1924), The Hague-Visby Rules[3] (1968), and finally the Hamburg Rules[4] (1978). Naturally, these conventions were created to serve as a set of uniform rules for issuing Bills of Ladings, as well as other transport documents, and for the involved parties’ rights, responsibilities and obliga...