shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » SHIP TALK: Different Types Of Bill Of Lading

SHIP TALK: Different Types Of Bill Of Lading

by Joshua
January 30, 2023
in Maritime Education

Depending on your shipping destination and type of cargo, there are different bills of ladings. They can be classified based on “how it is executed” and “Method of operation”-

Based on execution:

1. Straight bill of lading reveals that the goods are consigned to a specified person, and it is not negotiable, free from existing equities. It means any endorsee acquires no better rights than those held by the endorser. This type of bill is also known as a non-negotiable bill of lading, and from the banker’s point of view, this type of bill of lading is not safe. This type of bill is prominently used for military cargo.

2. Open bill of lading – This is a negotiable bill of lading where the name of the Consignee can be changed with the consignees’ signature and thus transferred. This can be transferred multiple times. A switch bill of lading is a type of open bill of lading.

Switch bill of lading

3. Bearer bill of lading is a bill that states that delivery shall be made to whosoever holds the bill. Such a bill may be created explicitly or an order bill that fails to nominate the Consignee, whether in its original form or through an endorsement in blank. A bearer bill can be negotiated by physical delivery. They are used for bulk cargo that is turned over in small amounts.

4. Order bill of lading is the bill that uses express words to make the bill negotiable. This means that delivery is to be made to the further order of the Consignee using words such as “delivery to A Ltd. or to order or assigns. The cargo is only delivered to the bona fide holder of the lading bill, which must be verified by an agent who issues the delivery order and the verified bill of lading. The order bill of lading:

–    is the most modern type of bill which is widely used all over the world

–    ensures the safety of delivery of cargo to a bonafide holder of B/L

–    Since the ship visits several foreign ports where the language, practice, and procedures may differ, the master might be inconvenienced during the cargo delivery. People might fraudulently collect the cargo.

–    To overcome this difficulty and avoid future cargo claims and litigations, the Consignee or the holder is required to surrender the bill of lading to the ship’s agent at the discharge port, who will verify the genuineness of the bill of lading. When satisfied, the agent will issue a delivery order and the verified bill of lading. Now any person can collect the cargo from the ship by surrendering the bill of lading and the delivery note to the ship.

As the bill of lading is made to “to order” of the Consignee, it is a negotiable instrument of title. This means that the ownership of the bill of lading can be transferred from one person to another by authorising the signature and delivery of the bill of lading.

All goods which have not been paid in advance and are shipped under “To order” of the bill of lading can be categorised into two types:

To Order, Blank Endorsed: not consigned to any named party but ‘To Order’ of the consignor, with the intended – Consignee’s name given under ‘notify party.’ The consignor must stamp and sign (endorse) this B/L so its title can be transferred.

To Order, Bank: consigned to a bank with the intended Consignee’s name under ‘notify party.’ The bank endorses the B/L to the intended Consignee against payment of (or a pledge to pay) the amount of the accompanying bill of exchange. ‘To Order’ B/Ls are used commonly in the letter of credit transactions and may be bought, sold, traded, or used as security for borrowing money from banks or other lenders.

Based on Method of Operation:

Received for shipment bill of lading–This bill is sent from agent /charterer to shipper. The endorsement of this bill ensures that the carrier has received goods but does not confirm it is onboard the assigned vessel.

Shipped B/L – This bill of lading is issued when cargo is loaded on board. It binds the shipowner and the shipper directly.

A clean bill of lading states that the cargo has been loaded on board the ship in apparent good order and condition. Such a bill of lading will not bear a clause or notation which expressively declares a defective condition of goods and/or the packaging. The opposite term is a soiled bill of lading. It reflects that the carrier received the goods in anything but good condition.

Through B/L – This bill of lading is a legal document allowing direct cargo delivery from point A to point B. The bill provides transportation of goods both within domestic borders and through international shipment as it serves as a receipt of the cargo, a contract of carriage, and sometimes title for the products as well

Combined transport B/L – This bill gives information about cargo transported in large containers by sea and land, i.e. through multi-model transport.

Dirty bill of lading: If the shipowner objects to “the condition of the cargo are in good order”, they can include a clause thereby causing the bill of lading to be “claused or dirty” along with the remarks as per the finding of the cargo condition. E.g. torn packing, broken cargo, shortage in the quantity of the goods etc.

shippingposition

Kindly like us on Facebook/twitter


Related Posts

QUESTION OF THE WEEK: Who is the Ship Master?

QUESTION OF THE WEEK: Who is the Ship Master?

June 30, 2025
Merchant Navy Labels Inability to Issue Class 1 & 2 Certificates as ‘National Harassment’

Day Of Seafarer: Indigenous Shipowners Bullying, Harassing Nigerian Seafarers — NMNOWTSSA

June 30, 2025
SHIPTALK: The Speed of a Ship at Sea

SHIPTALK: The Speed of a Ship at Sea

June 16, 2025
QUESTION OF THE WEEK : What Are The Shipping Terms Every International Shipper Should Know

QUESTION OF THE WEEK: DID YOU KNOW?

June 16, 2025

Latest News

BREAKING: Oyetola Inaugurates NIMASA Governing Board, Charges Members on Strategic Oversight

BREAKING: Oyetola Inaugurates NIMASA Governing Board, Charges Members on Strategic Oversight

July 2, 2025

Apapa Customs Boss Breaks Bottlenecks: ANLCA Chairman Hails Reduction of Checkpoints, Demands More Reforms

Succession Planning: Shippers’ Council Launches Training Programme for Mid-Level Officers

SEREC Outlines Key Benefits, Strategic Advice for CGC Adeniyi on His Appointment as WCO Council Chair

MWUN, Melsmore Marine Meet To Resolve Workers’ Welfare Issues

WCO: Nimrod Expresses Confidence In Adeniyi`S  Ability

Vessels Expected At Lagos Ports As At 2nd July, 2025

BREAKING: Apapa Customs Rakes in N1.3 Trillion Revenue in First Half of 2025

Oyetola Inaugurates NPA Governing Board, Calls for Reform-Driven Leadership

Industry Conflict Resolution: Nigeria Saved N6bn In 2024 – NSC 

Merchant Navy Felicitates Maritime Workers Union On Successful Branch Elections

CRFFN Rallies Freight Forwarders for Digital Transformation, Targets AfCFTA Market Opportunities

kindly like our Facebook page

Health

Contraceptive Pills Can’t Cause Cervical Cancer – Expert
Health

Contraceptive Pills Can’t Cause Cervical Cancer – Expert

June 30, 2025

Mrs Roseline Akinlabi, Adolescent and Youth Sexual Reproductive Health Desk Officer, Osun Primary Healthcare Board, says contraceptive pills cannot cause...

ONIONS: The Good Old Healing Vegetable

KNOW YOUR BODY PARTS: The Liver The liver is a vital organ located in the right upper abdomen, playing a crucial role in metabolism, detoxification, and digestion. It’s the largest solid organ in the body and is responsible for filtering blood, maintaining blood sugar levels, regulating clotting, and synthesizing essential proteins. The liver also stores energy, removes toxins, and produces bile, which aids in digestion Liver functions: · Metabolism and Detoxification: The liver processes nutrients from the blood, breaks down and balances them, and creates essential substances for the body. It detoxifies harmful substances like drugs and alcohol, converting them into less toxic forms for excretion. The liver plays a role in the metabolism of proteins, carbohydrates, and fats. It stores glycogen (a form of glucose) and vitamins, releasing them when the body needs them. · Digestion: The liver produces bile, which is stored in the gallbladder and released into the small intestine to help digest fats. Bile also helps in the absorption of fat-soluble vitamins. · Blood Regulation: The liver regulates blood sugar levels by storing and releasing glucose. It synthesizes clotting factors, which are essential for blood clotting. It removes old red blood cells and processes bilirubin, a byproduct of red blood cell breakdown. · Other Functions: The liver plays a role in immunity, helping to fight off infections. It produces proteins that are involved in the immune response. The liver also stores iron and other essential minerals. Frequently Asked Questions About The Liver · What are the first signs of a bad liver? The initial signs of liver problems can be vague and subtle, often including fatigue, nausea, and loss of appetite. As the liver’s condition worsens, more specific symptoms may emerge, such as jaundice (yellowing of the skin and eyes), itchy skin, dark urine, and light-colored stools. Abdominal pain, especially in the upper right quadrant, can also indicate liver issues. · Where do you feel liver pain? Liver pain is typically felt in the upper right abdomen, just beneath the rib cage. It can manifest as a dull, throbbing pain, a stabbing sensation, or a general feeling of discomfort in that area. In some cases, liver pain might be felt as an ache in the right shoulder or back. · What does liver pain feel like? How liver pain feels can vary from person to person, depending on the cause. However, most people often develop one or more of the following symptoms: Dull, persistent aches in the upper abdomen A feeling of fullness or bloating Sharp, stabbing pains that come and go Tenderness when the upper abdomen is touched · What is the best way to cleanse your liver? If you haven’t been working out, start indulging in a regular exercise regime to allow the toxins to come out of your body. Yoga, going running, hitting the gym, or a simple sauna session can also prove effective. If you want a natural liver cleanse, sweating is the way to go. · How to know if the liver is swollen? What are the symptoms of an enlarged liver? You likely won’t notice an enlarged liver on your own. In some severe cases, you might notice a feeling of bloating or fullness in your belly or an ache in your upper right abdomen. · What is the best drink to flush your liver? Many citrus fruits, including lemon, can be added to water to help stimulate and flush out the liver. Lemons are high in nutrients like vitamin C and antioxidants

June 16, 2025
ONIONS: The Good Old Healing Vegetable

ONIONS: The Good Old Healing Vegetable

June 16, 2025
Why Prostate Disorder Cases Are Increasing Among Nigerian Men – Experts

Why Prostate Disorder Cases Are Increasing Among Nigerian Men – Experts

June 1, 2025
20m Nigerians Live With Mental Health Issues, Says WHO

20m Nigerians Live With Mental Health Issues, Says WHO

June 1, 2025
Health Facts You Didn’t Know

How Your Habit Affects Fertility

May 19, 2025
Fruits For Raining Season

Fruits For Raining Season

May 19, 2025
See Mental Illness Like Other Treatable Diseases – Says Suicide Survivor

Health Facts You Didn’t Know

May 19, 2025
Alligator Pepper: Benefits, FAQ, Side Effects, & Warning

Alligator Pepper: Benefits, FAQ, Side Effects, & Warning

April 28, 2025
Water And Health: The Relationship That Helps Life

Water And Health: The Relationship That Helps Life

April 28, 2025

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition