Effortlessly Create a Transport Receipt Sample for Shipping

Transport receipt sample for Shipping

hello friends today's topic is characteristic of Transport document in this topic we are going to cover the following flow of Transport document characteristics of multimodal transport document characteristic of Bill of Lading characteristic of non-negotiable Seaway bill characteristics of charter party bill of lading characteristic of air transport document characteristics of Road rail or inland waterway transport documents characteristics of courier receipt post receipt or certificate of posting at the end of this topic we will summarize of characteristics of transport document let's start with flow of transport flow of transport documents beneficiary prepares the goods as per Elsi terms and condition he then delivers the goods to the carrier or agent for loading onto vessel carrier issues a transport document transport document is handed over to shipper simultaneously the goods are shipped on board to sale to the destination country transport document is handed over by beneficiary to nominated bank along with other documents nominated bank dispatches the documents to issuing bank through courier issuing bank checks the documents and have found in order endorses the transport document in favour of applicant if required all documents are handed over to the applicant or buyer when the goods reaches the destination country applicant is informed by the shipping company as it must be the notify party on the transport document applicant presents the transport document to the carrier or agent in the destination country shipping company hands over the goods to the applicant let's start with characteristic of multimodal transport document a multimodal transport document is a transport document that covers at least two different modes of transport it provides a convenient method by which Goods may be sent from the premises of the beneficiary to the applicant using a single document a multimodal transport operator also known as combined transport operator undertakes contractual responsibility for ensuring that the goods are carried to their destination by a combination of different modes of transport for example Road C and rail it should be noted that under UCP 600 article 19 an MTO or CTO is not authorized to sign the transport document in either of those capacities while they may operate as transport operators they must Sun either as agent of a named carrier or the master or as the actual carrier the party sending the goods the shipper concludes a single contract of carriage with the MTO the MTO then makes its own contractual arrangements with the individual carriers for each successive part of the voyage let's take up characteristics of Bill of Lading the Bill of Lading first appeared in its modern form in the mid 19th century it became the principal document used in maritime transport bills of lading are normally issued by or on behalf of the carrier the legal status as negotiable documents of this type is specifically set out in the legislation of most countries this means that when a bill of lading is issued in negotiable form ownership of the goods to which the Bill of Lading relates can be conveyed by transferring the document from one person to another in documentary credit operations an issuing bank generally requires Bill of Lading to be made out to the banks order or to the order or to the order of the shipper and to be endorsed in blank a bank that requires the issuance of bills of lading to its order should be aware of the potential liability for charges port dues and other expenses if an issuing bank is looking to obtain some measure of security from the goods by means of bills of lading it may insist that the bills of lading show that goods are on board the bills of lading cover the entire voyage and that all originals if issued in more than one original are to be presented to them delivery of goods against an original bill of lading the carrier is entitled to effect delivery of goods to the holder of one original bill of lading duly endorsed where necessary and is not concerned with the whereabouts of the other original bills of lading delivery of goods against an indemnity in circumstances in which the goods have arrived at the port of discharge and the bills of lading have not been received the carrier may agree to deliver goods against an unlimited guarantee from the applicant because the carrier is subsequently liable to a holder of an original bill of lading and as such liability is not restricted in time the carrier will almost always insist upon the issuing bank either counter signing or actually issuing the guarantee this guarantee will normally be issued in the format required by the carrier demurrage it is important to arrange to clear the goods as quickly as possible after their arrival at the port of discharge or liabilities may be incurred to the port authorities Fordham urge to merge may be defined as a charge by the port authorities on a vessel or the goods for some infringement of regulations example for the delay in berthing or a penalty for not removing goods etc characteristics of non-negotiable see Wavell non-negotiable see waybills are consigned to a named party which in documentary credit operations will generally be the applicant and for this reason they are sometimes known as straight consigned transport documents let's see an image of transport document in this image you don't see a wording to the order hence it is straight consigned the transport industry used this document for the following reasons in Bill of Lading the surrender of which is required before the carrier will deliver goods it is not very practical for short sea journey because often the goods arrive at the port of discharge before the underlying bill of lading are received through banking channels applicant encouraged to merge charges because clearance of goods is delayed applicant often also suffers loss in the sale of goods as a result of such delay let's take an example suppose the goods are shipped from Mumbai to karachi and bill of lading is called as a transport document the transit time between mumbai to Karachi is two days the beneficiary will start preparing documents after the shipment is made the preparation and transferring the documents through banking channel would take approximately fifteen to twenty days hence the applicant would have to pay to merge because he will not have posses I in a bill of lading in order to release goods in such type of scenario non-negotiable Seaway bill is a beneficial document the traditional bill of lading as a negotiable document is an advantage if the goods are sold during the voyage this advantage does not apply in the case of general merchandise such as manufactured goods as they are often made by specifications of the buyer for specific purposes hence they are seldom traded during the voyage apart from the usual terms of transport documents evidencing the receipt of goods and contra act of courage the characteristics of the non-negotiable Seaway bill with particular reference to this section of the chapter are it is not a negotiable document and it does not convey title to the underlying goods control over the goods can be exercised by the issuing bank insisting upon being named as the consignee on the non-negotiable Seaway bill provided that the consignor has waived its right to change the named consignee prior to delivery delivery is made by the carrier to the named consignee and is not dependent upon the surrender of an original of the non-negotiable sea wave characteristics of charter party Bill of Lading maritime carriers may either own their own vessels or hire charter them from ship owners in the latter case the hiring arrangement is called a charter party hiring arrangements of this type may be concluded either for a period of time or for a single voyage the carrier hiring the ship then concludes contracts of carriage with the shippers and issues bills of lading charter party Bill of Lading has a lot of disadvantages than its advantages although this documents is included in UCP 600 it is seldom used as a transport document in letter of credit let us see disadvantages of this document the precise legal effects of charter parties vary from one jurisdiction to another rights conferred by a bill of lading take second place to any rights the ship owner may have against the charterer for example if the charterer defaults on payments to the owner the latter may be able to recoup losses by selling the goods a bank is generally not aware of the terms of even the most commonly used charter party documents and is also often not aware which charter contracts are used for which trades it is rare for a standard form of charter party to be used without amendment and a bank may not be aware of the terms of any amendments a charterer may also be the applicant in an fo B contract in that case the ownership will pass to the applicant as soon as the goods are loaded on board and Bank will have no control over the goods even if charterparty BL is consigned to bank a charter er may also be the beneficiary in a CFR or CIF contract in that case the ownership of goods will remain with the beneficiary even after goods are loaded on board if a charter party bill of lading is acceptable banks will not examine the underlying charter party contracts refer is B P 745 G 27 charter party country characteristics of air transport document these are documents issued by the carrier or its agent that evidence that the carrier has received the goods and which detail the conditions of carriage they are not documents of title and are not negotiable documents control over goods control over goods rests with the shipper as consignor and the carrier up to the point of delivery if a bank issuing a documentary credit wishes to exercise control over the goods it must insist upon holding the consigners copy of the air waybill original three for consignor or air consignment note which should prevent the shipper from exercising its right to change the destination or the consignee of the goods the bank may also insist upon being named as consignee of the goods on the air transport document delivery of goods the carrier will deliver goods to the consignee as shown on the air transport document against proper identification or against a delivery order from the named con site characteristics of road rail or inland waterway transport documents transport documents covering the dispatch of goods by rail or by Road are known as rail or Road consignment notes Road consignment notes are also called truck waybills or CMR notes CMR meaning convention merchandises route yours they are not documents of title and are not negotiable documents these documents evidence that the goods have been received by the carrier and the address of the consignee control of goods the control over the goods remains in the care of the carrier delivery of goods delivery is to the named consignee at the address shown on the document characteristics of courier receipt post receipt or certificate of posting these documents are merely evidence that the goods have been received by the courier service or the post office and it showed the name and address of the consignee they are not documents of title and are not negotiable documents control of goods the control over the goods remains in the care of the carrier delivery of goods delivery is to the named addressee let us summarize characteristics of transport document multimodal transport documents see UCP 600 article 19 document covers two or more modes of transport if last mode is by C then documents become negotiable and it has title to goods if last mode is not by C then documents is non-negotiable and it has no title to goods delivery against original bill of lading if negotiable delivered to consign e if non-negotiable bill of lading c UCP 600 article 20 negotiable document covering port to port marine voyage document has titled two goods delivery against an original negotiable bill of lading non-negotiable see Weibull see you CP article 21 non-negotiable document covering port to port marine voyage there is no title to goods delivery - named consignee charterparty bill of lading c UCP 600 article 22 negotiability subject to charter party title to good subject to charter party delivery in terms of charter party Air Transport document C UCP 600 article 23 non-negotiable document covering single-mode there is no title to goods delivery - named consignee Road rail or Inland Waterway see UCP 600 article 24 non-negotiable document covering single mode there is no title to goods delivery to named consignee career and post receipts see UCP 600 article 25 non-negotiable document covering dispatch by Post and Courier there is no title to goods delivery Tunis this is the end of the topic please like share comment for more videos please subscribe my channel it's free education