Bill of Lading Revised_Study

7/26/2019 Bill of Lading Revised_Study

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Bill Of Lading

S.L.Ganapathi


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What is a Bill Of Lading

bill of ladingis a document issued by a carrier, e.g. aship's master or by a company's shipping department,acknoledging that specified goods ha!e been recei!edon board as cargo for con!eyance to a named place for

deli!ery to the consignee ho is usually identified. "throughbill of lading in!ol!es the use of at least todifferent modes of transport from road, rail, air, and sea.#he term deri!es from the noun $bill$, a schedule ofcosts for ser!ices supplied or to be supplied, and from

the !erb $to lade$ hich means to load a cargo onto aship or other form of transport.


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%urpose

"cknoledgment of &eceipt of Goods

ontract of arriage

#itle of onership


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#ypes

Ocean Bill Of Lading

(ultimodal or #hrough Bill of Lading

Line Bill of Lading )orarder*s+-O Bill Of Lading

Sea Way Bill

)orarders argo &eceipt


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Other #ypes

&ecei!ed )or Shipment

Shipped On Board

lean or ualified Original or on negotiable Bill of Ladings

Straight or order or bearer Bill of Ladings


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/ey otes on construction of B+L

S#0 Said to ontain

Shipper*s eight, stoed and count

%repaid or to pay 1 freight details or as arranged


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onditions

2ndicated in the backside of the original

of bill of lading

3ach arrier 4uotes the conditions asgo!erned by the la of the land 1 e.g.

2ndia carriage of Goods act or (ultimodal

#ransportation of goods act 1 in the case

of 5S 1 arriage of Goods act 6789


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Salient )eatures

onditions pertaining to

&esponsibilities : Liabilities

otice of ;amage Limitation Of Liability 0

hiche!er higher General "!erage


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5se of BL in 2nternational #rade


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" ote on

3lectronic Bills of Lading

677? 1 (2@ ommittee (aritime 2nternationalA&ules on 3lectronic Bills of Lading

677 1 #he CBoleroD 3Eperiment

@.bolero.netA1 eutral 8rd%arty

1 Standards established for #ransport : Bankingommunities

ot 5ni!ersally "ccepted (ore Work eeds to be ;one


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Legislation 6 1


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"pplicable Las in 2ndia

2ndian arriage of Goods by Sea "ct 67=

(ultimodal #ransportation of Goods "ct6778


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arriers Liability as per 2ndian La

Liability based on arriers negligence

3Eceptions

13rror in a!igation

1 )ire , "cts of God

1 ature of argo, %ackaging etc


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alculation of Loss

%ackage Limitation

-alue of onsignment at the place and

time of deli!ery


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Limitation of Liability

Ocean 1 99>.9> S;& per package or = S;& of/ilogram of the gross t of goods lost ordamaged

(ultimodal @&ail0#ruckA 1 .88 S;& per/ilogram

oteH Liability limits not applicable if "ct of

Omission of arrier done ith intent to causedamage recklessly ith knoledge that damageould probably result


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#ime Limits for Lasuit

6 year for Sea #ransport

7 months for (ultimodal #ransport

Documents

Bill of Lading Revised_Study