Charter party and bill of lading are integral components within the shipping industry. They ensure smooth operations, protect stakeholders’ interests, and provide necessary documentation for various purposes. common features and details of charter Party bill of lading: While the specific features may vary depending on the terms of the charter party and the needs of … Read more
Charter party shipments involve signing a charter party contract between the owner of the vessel and the charterer (usually the applicant or the beneficiary, depending on the Incoterm that is used in the documentary credit). Charter Party Bill of Lading (CPBL’s) are issued subject to the terms and conditions of a charter party. A CPBL is … Read more
In international shipments there are two legal documents that have an immense value, that need to be understood, before entering into a sales contract. Many traders, get confused with bill of lading document and sea waybill. All ocean cargo is transported based on these two documents. common terminologies used in shipping carrier- transportation company or … Read more
