House Bill of Lading vs. Master Bill of Lading

Описание: If you are involved in shipping or logistics, you've probably heard of a master bill of lading and a house bill of lading. But if you're like many of us, you might not understand how they're different. This video explains the difference between these two important export forms.

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First, it is important to understand what a bill of lading is. A bill of lading is a document that serves three primary purposes:

1. A bill of lading is always a receipt that acknowledges the transfer of cargo from one party to another.

2. A bill of lading is often evidence of a contract for carriage. A contract for carriage is a written agreement, that one party will move cargo to a particular destination on behalf of another party. In the absence of a separate contract, the bill of lading assumes the role of a contract of carriage by default.

3. A bill of lading sometimes serves as evidence of title. In the context of law, title means ownership. A bill of lading marked "negotiable," indicates evidence of title and can be sold from one party to another, any number of times; this enables cargo to be transferred from one transportation company to another during its journey. A bill of lading marked "non-negotiable," does not indicate evidence of title, so it cannot be sold.

House Bill of Lading

A house bill of lading is a document issued by a freight forwarder or a non-vessel operating company (or NVOCC) to a shipper, to acknowledge receipt of their items for shipment. In other words, it's a receipt for the goods.

The shipper is the exporting company.

The freight forwarder or NVOCC is the company the exporter has hired to arrange transportation of their goods.

Master Bill of Lading

A master bill of lading is a document issued by a carrier—the trucking companies, shipping lines or airlines—and it represents the contract of carriage for the goods. Once the carrier has confirmed that it has received the goods, it will issue the master bill of lading to the party that booked the freight, usually the freight forwarder or the shipper.

The Differences

So, to summarize the differences, a house bill of lading is always a receipt for a shipment from one exporter, while a master bill of lading is a receipt that could potentially cover the shipments of many exporters, because the carrier will often consolidate smaller shipments into one larger shipment.

A house bill of lading is issued by the forwarder to a single exporter; whereas the master bill of lading is issued by a carrier to a forwarding agent or the shipper, depending on who booked the transport.

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Chapters
00:00 Introduction
00:39 What Is a Bill of Lading?
01:43 What Is a House Bill of Lading?
02:03 What Is a Master Bill of Lading?
02:24 House Bill of Lading and Master Bill of Lading: The Differences
02:55 Download Free Export Documents

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