FOB, or Free on Board, is a trade term used in shipping that outlines when the ownership of goods transfers from seller to buyer. In “FOB shipping point,” the buyer assumes responsibility once goods are shipped, while in “FOB destination,” the seller maintains liability until goods reach the buyer. This impacts who pays for shipping and insurance, as well as when the risk of loss transfers. It’s a key factor in international trade and logistics.

Documentation serves as the backbone of the intricate web of global trade and logistics, ensuring the smooth flow of goods from one point to another. The Bill of Lading and the Waybill are essential documents in this realm. Understanding the disparities between these documents is critical for anyone involved in shipping and logistics operations, as both documents serve different purposes and carry distinct legal implications.

A Bill of Lading (BoL) is one of the most important documents in international trade, acting as a receipt of goods, a contract between the shipper and carrier, and a document of title. Losing this document can have serious consequences, particularly for the buyer or seller, depending on the stage of the transaction. Without the original BoL, the release of goods can be delayed or halted, and the process to resolve the issue can be complex.

Bill of lading fraud occurs when deceitful acts are committed to manipulate the details of the document for financial gain or to misrepresent the true nature of the shipment.

A Bill of Lading (B/L) is a key legal document used in the shipping and logistics industry. It serves multiple purposes in the transportation of goods, providing essential details about the shipment and regulating the relationship between the shipper, carrier, and consignee

We’ve recently covered various aspects of Bills of Lading in detail. If you’re unfamiliar with the concept, it’s a good idea to first review the different types of Bills of Lading and understand the distinction between master and house Bills of Lading. Doing so will give you a solid foundation before we tackle the million-dollar question: Can multiple shippers or consignees be listed on one Bill of Lading?

The shipping manifest and the bill of lading are two essential documents in international trade, often used interchangeably by those unfamiliar with their distinct roles.

A bill of lading is a legal document issued by a carrier to a shipper, detailing the type, quantity, and destination of the goods being transported.

A Bill of Lading (B/L) is a critical document in the shipping and logistics industry, serving as both a receipt for goods and a contract of carriage between a shipper and a carrier