Bill Of Lading and Master Bill Of Lading
A bill of lading is a document that can be issued by shipping lines, freight forwarders and NVOCC operators. Shipping lines issue bill of ladings only to freight forwarders and NVOCC operators. The bill of lading issued by a shipping line is called a master bill of lading.
As for the house bill of lading, it is issued either by freight forwarders or NVOCC operators directly to their clients. In this article, we will help you to understand better these two bills of lading and the difference between them.
The House Bill Of Lading (HBL)
The house bill of lading states that:
- The buyer should be the actual receiver of the cargo
- The shipper should be the exporter of the cargo
- The notify can be either the importer or any other party mentioned in the bill of lading.
You should keep in mind that when the house bill of lading is issued for a full container load shipment, it should be an exact replica of the master bill of lading issued by the shipping lines. That is to say, it should include all details and information mentioned in MBL.
The Master Bill Of Lading
In the master bill of lading, the freight forwarder, NVOCC operator, or their agents can be the shippers and the receivers. They usually have offices in the origin country of good and the destination country.
Once the freight forwarder or the NVOCC signs a master bill of lading with a shipping line, they issue a house bill of lading that container the same exact information and details to their customers.
Tips Before Signing a BOL
It is vital for both the NVOCC operator and the customer that the bill of lading contains accurate, precise, and detailed information about cargo, the number of containers, seal numbers, weight, measurements, etc. This information should be the same on the MBL and HBL.
NVOCC operators and customers should understand every part and detail on the bill of lading before signing it. You should always remember that the HBL can be used as a negotiable document that fulfills the roles of a bill of lading.
I hope this article helped you understand better the difference between the house bill of lading and the master bill of lading. If you have any further questions, do not hesitate to contact us.