Trade Finance Expertise

An air waybill (AWB) is a binding transport document issued by a carrier (Airline) or agent that provides details about the goods being shipped. It provides detailed information on the contents of the shipment, the sender and recipient, terms and conditions, and other information. It helps to ship the cargo overnight or in a quick time. Article-23-UCP-600-Air Transport Document a. An air transport document, however named, must appear to: i. indicate the name of the carrier and be signed by: - the carrier, or - a named agent for or on behalf of the carrier. Any signature by the carrier or agent must be identified as that of the carrier or agent. Any signature by an agent must indicate that the agent has signed for or on behalf of the carrier. Explanations:  An AWB may or may not be titled (however named), must need to indicate the name of the carrier and can be signed such as one of the below: 1.    Signed by the carrier (Airline) itself. 2.    By a named agent on behalf of t

A Charter Party Bill of Lading is used for commodity or bulk shipment cargoes such as oil, rice, wheat, sugar, steel, etc – will be made on a vessel hired specifically for the shipment. This hiring arrangement is called a ‘charter party’. Such arrangements may be concluded either for a period of time or for a single or multiple voyage. The party hiring the ship concludes a contract of carriage with the owner or its agent. This is known as the ‘charter party contract’ and will include terms such as the time period for the charter, the basis for loading and unloading the cargo, the ports of loading and discharge, and the party responsible for the freight cost. Article-22-UCP-600-Charter Party Bill of Lading a. A bill of lading, however named, containing an indication that it is subject to a charter party (charter party bill of lading), must appear to: i. be signed by: - the master or a named agent for or on behalf of the master, or - the owner or a named agent for or on behalf of the

A Non Negotiable Sea Waybill is not a negotiable document. Therefore it is not necessary to surrender it at the destination to obtain cargo delivery. The current bill of lading system used by shipping lines sometimes results in delays in cargo delivery due to various reasons and other problems when the original bill of lading is lost or arrives late. Article-21-UCP-600 Non-Negotiable Sea Waybill a. A non-negotiable sea waybill, however named, must appear to: i. indicate the name of the carrier and be signed by: - the carrier or a named agent for or on behalf of the carrier, or - the master or a named agent for or on behalf of the master. Any signature by the carrier, master or agent must be identified as that of the carrier, master or agent. Any signature by an agent must indicate whether the agent has signed for or on behalf of the carrier or for or on behalf of the master. Explanations:  a non-negotiable bill of lading may or may not be titled (however named), must need to

A bill of lading (BL or BoL) is a legal document issued by a carrier (Transportation Company) to a shipper that details the type, quantity, and destination of the goods being carried. A bill of lading also serves as a shipment receipt when the carrier delivers the goods at a predetermined destination. Article-20-Bill of Lading a.A bill of lading, however named, must appear to:  i. Indicate the name of the carrier and be signed by:  - the carrier or a named agent for or on behalf of the carrier, or - the master or a named agent for or on behalf of the master. Any signature by the carrier, master or agent must be identified as that of the carrier, master or agent.  Any signature by an agent must indicate whether the agent has signed for or on behalf of the carrier or for  or on behalf of the master. Explanations: a bill of lading may or may not be titled (however named), must need to indicate the name of the carrier and can be signed as one of the below: 1.     Signed by the carrier itse