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Ocean Bill of Lading Contract for Carriage Terms and Conditions RECITALS Through confirmation and tender of the goods, (the Goods meaning cargo, property, and merchandise described on the face of
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How to fill out ocean bill of lading
How to fill out ocean bill of lading:
01
Begin by identifying the shipper and consignee: Provide the full name, address, and contact information of the company or individual shipping the goods and the company or individual receiving the goods.
02
Include shipment details: Specify the type and quantity of goods being shipped, such as the description, weight, volume, and packaging type. Also, indicate any special handling instructions or requirements.
03
Mention the vessel and voyage details: State the name of the vessel or carrier, along with its voyage number and scheduled departure and arrival dates. This information helps in tracking and identifying the shipment.
04
Declare the freight charges: Clearly mention the amount of freight charges associated with the shipment, including any additional fees or surcharges that may apply.
05
Note the terms and conditions: Include any specific terms and conditions that both parties have agreed upon, such as the liability and responsibility of each party for loss or damage of the goods during shipment.
06
Obtain the necessary signatures: The shipper and the carrier representative should sign the bill of lading to acknowledge agreement on the terms stated and confirm the receipt of goods for transportation.
Who needs ocean bill of lading?
01
Importers and exporters: Ocean bill of lading is required for both parties involved in international trade. Importers need it as proof of receipt and ownership of the goods while exporters use it to transfer the title of goods to the buyer.
02
Freight forwarders and logistics companies: These entities require ocean bill of lading for proper documentation, tracking, and management of shipments on behalf of their clients.
03
Customs authorities: Customs officials rely on ocean bill of lading to verify the details of imported goods, assess duties and taxes, and ensure compliance with trade regulations and laws.
04
Insurance companies: Ocean bill of lading serves as evidence of the value and condition of the goods being shipped, which is crucial for underwriting marine insurance policies.
05
Banks and financial institutions: Banks may require ocean bill of lading to process payment transactions, especially in cases involving letters of credit or other trade finance instruments.
In summary, filling out an ocean bill of lading involves providing relevant shipment, vessel, and commercial details, as well as obtaining necessary signatures. Importers, exporters, freight forwarders, customs authorities, insurance companies, and banks are among the parties who need ocean bill of lading for various purposes in international trade and transportation.
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