A charter party bill of lading is issued by the charterer of a ship and contains information about the cargo and transportation terms. It differs from a liner bill of lading, which is issued by the ship’s captain. The charterer assumes responsibility for the cargo and signs the bill of lading. The charter party bill of lading may not contain all the information of a liner bill of lading, and in case of a dispute, it must be supported by other documents.
A charter party bill of lading is a document issued by the charterer of a ship or vessel that outlines certain information such as the types of cargo, the quantity, and the terms under which the cargo is to be transported. The document is issued under different circumstances to a liner bill of lading. The bill of lading is generally proof or proof that the cargo has been loaded onto a ship, the quantity of the cargo, the cost of the cargo, and the conditions under which the cargo is to be transported.
The main differences between a scheduled bill of lading and a charter bill of lading are in origin and disclosures. The liner bill of lading is from the vessel’s master or captain, indicating that he has received the cargo. This document contains all the information and written clauses relating to the conditions under which the cargo is transported. This is important because the cargo on the ship will be handed over to whoever has the bill of lading. If that person bought the goods, he will be able to see if there are any restrictive terms attached to them.
Charter party is anyone who charters a vessel. This person assumes authority over certain functions normally reserved for the master of the ship or the captain. The primary responsibility of a charter vessel captain is to safely navigate the vessel to its destination. The charterer is responsible for the cargo on the vessel, including signing the bill of lading for such cargo.
The charter party bill of lading does not contain all of the normal liner bill of lading information. This factor is important because whoever purchases this cargo has no way of knowing all the conditions attached to the goods until they receive them. Such a bill of lading will simply have a clause informing the consignee that the bill is from a charter agreement. The origin of the bill of lading is important because in the event of a dispute, a liner bill of lading will suffice as proof of the transaction. A charter bill of lading, however, must be supported by other documents, including another copy of the charterer’s bill of lading.
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