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1 day ago · Contract: The MBL is a binding agreement that outlines the terms of your shipment’s transportation, including where it’s going, who’s involved, and what’s being shipped. Tracking: The MBL number is your key to unlocking real-time tracking information. It’s like a magic code that tells you exactly where your shipment is, no matter ...
1 day ago · This process begins when the shipper issues the bill of lading, which can then be transferred to another party through endorsement. Endorsement is a crucial step that involves the current holder signing the back of the document, thereby authorizing the transfer of ownership rights to another party.
17 hours ago · Common Shipping Terms and Definitions. 1. Bill of Lading (B/L or BOL) Definition: A legal document issued by a carrier to a shipper, detailing the type, quantity, and destination of the goods being shipped. It serves as a contract between the carrier and shipper and also as a shipment receipt when the carrier delivers the goods at a ...
1 day ago · Terms like “bill of lading” and “waybill” are commonly used and have important meanings. A “ bill of lading ” is a receipt for shipped goods and serves three main purposes: it acts as a document of title, a contract of carriage, and a receipt. A “waybill” is a non-negotiable document issued by a carrier that details the shipment ...
1 day ago · This checklist includes: Vessel Inspection: Conduct a thorough inspection of the vessel to identify any wear and tear, damage, or maintenance needs. Address any issues promptly to ensure the vessel is in good condition for the next voyage. Crew Debriefing: Hold a debriefing session with the crew to discuss the voyage, address any concerns, and ...
1 day ago · The mode of transport is key in choosing between FCA and FOB. FCA suits all transport types, including air, sea, land, and multimodal. FOB is specific to sea and inland waterway transport. It is best when goods are shipped by sea, and the buyer takes control at the port of origin. If the shipment doesn’t involve sea transport, FCA is the ...
2 days ago · Bill of Lading or Sea Waybill. Once possession of the shipment has been turned over and the carrier has taken control of the goods, they should provide an Ocean Bill of Lading (OBOL). Acting as a receipt of sorts, the BOL is a transportation contract that confirms the party in control of the cargo and all critical shipment details.
