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How to read the ocean bill of lading
1. Positive clause of bill of lading

(1) SHIPPER, generally the beneficiary in the letter of credit. If the issuer requests a third party bill of lading (THIRDPARTY B/L) for the sake of trade, it can also do so.

(2) CONSIGNEE, if a registered bill of lading is required, you can fill in the specific consignee company or consignee name; In the case of an instruction bill of lading, fill in "ORDER" or "to order"; If it is necessary to list the instructions on the bill of lading, it can be made into "TO ORDER OF SHIPPER", "TO ORDER OF CONSIGNEE" or "TO ORDER OF XX BANK" according to different requirements.

(3) NOTIFY PARTY, which is the recipient of the arrival notice sent by the shipping company when the goods arrive at the destination port, and sometimes it is the importer. The bill of lading under the letter of credit must be filled in strictly according to the requirements of the letter of credit, if the letter of credit specifically stipulates that the notified person of the bill of lading has the right. If it is a

registered bill of lading or a bill of lading instructed by the consignee, and the consignee has a detailed address, this column can be left blank. If it is a blank bill of lading or a shipper's bill of lading, the name and detailed address of the notified person must be filled in this column, otherwise, the ship will not be able to contact the consignee, and the consignee will not be able to declare the goods in time, or even be confiscated because it exceeds the customs declaration time.

(4) the bill of lading number (B/L NO) is generally listed in the upper right corner of the bill of lading to facilitate work contact and verification. When the shipper sends a SHIPMENT ADVICE to the consignee, it should also list the name of the ship and the number of the bill of lading.

(5) NAME OF VESSEL, indicating the name of the vessel and the voyage of the cargo.

(6) PORT OF LOADING, the specific name of the actual loading port shall be filled in.

(7) PORT OF DISCHARGE, with the name of the port where the goods were actually discharged. In case of transshipment, the unloading port on the first bill of lading should be filled in the transshipment port, and the consignee should be filled in the second shipping company; The loading port of the second bill of lading should be filled in the transshipment port and the unloading port should be filled in the final destination port. If the through bill of lading (THROUGH B/L) is issued by the first shipping company, the final destination port can be filled in the unloading port, and the names of the first and second ships should be listed in the bill of lading. If transshipped through a port, the words "VIA X X" should be displayed. At present, the COMBINED TRANSPORT B/L of lading (B/L) is used when using the container transport mode. Besides the loading port and unloading port, the bill of lading also lists the PLACE OF RECEIPT, the PLACE OF DELIVERY, the PRE-CARRIAGE BY and the name and voyage of the maritime vessel. Fill in the port of discharge, but also pay attention to the port of the same name. If it is a bill of lading with a selected port, it should be indicated in this column.

(8) Description of goods. Under the letter of credit, the description of goods must be consistent with that stipulated in the letter of credit.

(9) The number of packages and kind of packages shall be filled in according to the actual packaging conditions of the boxes.

(1) SHIPPING MARKS. If there are provisions in the letter of credit, it must be filled in according to the provisions, otherwise it can be filled in according to the shipping marks on the invoice.

(11) GROSS WEIGHT, MEASUREMENT. Unless otherwise stipulated in the letter of credit, the gross weight of goods is generally listed in kilograms, and the volume of goods is listed in cubic meters.

(12) FREIGHT AND CHARGES are generally FREIGHT PREPAID or FREIGHT COLLECT. For CIF or CFR exports, the words freight prepaid are generally filled in, and must not be omitted, otherwise the consignee will not be able to deliver the goods due to freight problems. Although the situation can be ascertained, the delay in delivery will also cause losses. For FOB export, the words "to pay the freight" can be made for the freight, unless the consignee entrusts the consignor to pay the freight in advance.

(13) issuance, date and number of bills of lading: the bill of lading must be issued by the carrier or the captain or their agent, and the identity of the issuer shall be clearly indicated. General expressions are: CARRIER, CAPTAIN, or "AS AGENT FOR THE CARRIER:XXX". The number of copies of the bill of lading is generally issued according to the requirements of the letter of credit. For example, "FULL SET OF" is generally understood as three originals and several copies. After one of the originals completes the delivery task, the other copies will be invalid. Bill of lading is also a necessary document for settlement of foreign exchange, especially in the settlement of foreign exchange by documentary letter of credit, the bank requires that the documents provided must be consistent, so the date signed on the bill of lading must be the same as or earlier than the final shipment date required by the letter of credit or contract. If the seller estimates that the goods can't be loaded on the ship before the L/C date, he should inform the buyer as soon as possible and request to amend the L/C, instead of using fraudulent acts such as "countersigning the bill of lading" and "borrowing the bill of lading in advance" to obtain the payment.

2. clauses on the back of the bill of lading and its basis:

there are many clauses listed on the back of the original LONG TERM bill of lading, which mainly include:

(1) DEFINITION CLAUSE)-- mainly limiting the related parties such as "carrier" and "shipper".

(2) JURISDICTION CLAUSE)-- points out that when there is a dispute over the bill of lading, according to the law, a court has the right to hear and solve the case.

(3) DURATION OF LIABILLITY)-- The general ocean bill of lading stipulates that the carrier's liability period begins when the goods are loaded on the ship and ends when they are unloaded from the ship. Container bill of lading is from the carrier's acceptance of the goods to the delivery of the designated consignee.

(4) PACKAGES AND MARKS)-- the shipper is required to provide the goods with proper packages and correct and clear marks. All expenses arising from unclear marks or poor packaging shall be borne by the cargo side.

(5) FREIGHT AND OTHER CHARGES)-- freight is stipulated to be prepaid and should be paid at the time of shipment, and those paid should be paid at the time of delivery. When the ship and the goods suffer any loss or damage, the freight shall still be paid, otherwise, the carrier may exercise the lien on the goods and documents.

(6) TRANSHIPMENT CLAUSE)-- Although the carrier has issued a through bill of lading, it is still free to transship due to objective needs without the consent of the shipper. The transshipment fee is borne by the carrier, but the risk is borne by the shipper, and the carrier's responsibility is limited to the part of the transportation completed by the ship it operates.

(7) Inaccuracies in partials furnished by shippers-The carrier has the right to check the quantity, weight, size and contents of the goods declared by the consignor at the port of shipment and the port of destination, and if it is found to be inconsistent with the actual situation, the carrier may charge a freight penalty.

(8) the carrier's LIMIT OF LIABILITY)-- stipulates the carrier's compensation limit for losses caused by loss or damage of goods, that is, the compensation amount for each piece of goods or per unit of calculation shall not exceed a certain amount at most.

(9)*** general average (G.A.)-stipulate what rules should be followed in case of * * * general average. Generally, the 1974 Viet-Antwerp rule is adopted internationally. In China, some bills of lading are often adjusted according to the 1975 Beijing Adjustment Rules.

(1) AMERICAN CLAUSE)-- stipulates that cargo transportation to and from American ports can only be governed by the CARRIAGE OF GOOD BY SEA ACT of 1936. In 1936, the freight shall be carried out according to the rate book registered by the Federal Maritime Commission (FMC). If the terms of the bill of lading conflict with the above laws, the American law shall prevail. This clause is also called "LOCAL CLAUSE".

(11) Deck cargo, LIVE ANIMALS AND PLANTS)-- The provisions on the acceptance, handling, transportation, storage and unloading of these three kinds of goods shall be borne by the shipper and the carrier shall not be responsible for their loss or damage.