International Ocean Bills of Lading- Lost In Translation

Types : Bylined Articles

An ocean bill of lading is truly a remarkable creature, born of commerce and the law. One sheet of paper regulates the relationship between three disparate parties: the carrier, the shipper and the receiver. However, the document is equally relied upon by banks, stevedores, forwarders, owners and charterers of ships, and government agencies such as the Customs authorities.  A bill of lading provides for the terms and conditions that will apply in different nations, coastal waters and on the high seas, as well as during rail, barge or truck transport.

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