The International Transport Intermediaries Club (ITIC) has urged shipowners, charterers and brokers to be vigilant in reviewing bills of lading (BoL) for potential errors or oversights, says an article published on their website.
Three-way splitIn the latest edition of the Claims Review, which is a collection of recently closed claims, ITIC highlights a case where errors on updated bills of lading resulted in an oil cargo being collected by the wrong consignee and a...
By BIMCO
BIMCO has launched the “25 by 25 pledge”, a commitment by some of the world’s biggest shippers in the bulk sector to target moving 25% of their annual seaborne trade volume for at least one commodity using electronic bills of lading by 2025. The pledge is part of an ongoing effort to accelerate trade...
Gothenburg, Sweden-headquartered marine mutual insurer the Swedish Club says that a recent U.K. Supreme Court ruling underscores how important it is for a ship’s master to fully understand the implications of signing a bill of lading.
The court’s Tai Prize ruling reiterates the legal principle that a master must sign a bill of lading only if it accurately describes the condition of the cargo, irrespective of any commercial pressures he or she may be facing.
While leading law firms will no doubt...
https://www.marinelog.com/legal-safety/bills-of-lading-be-careful-what-you-sign/
THE LSLC IN ASSOCIATION WITH TWENTY ESSEX WELCOMES MEMBERS AND OTHER COMMERCIAL PROFESSIONALS TO THE CENTRE’s 3rd WEBINAR IN ITS 2022 GLOBAL WEBINAR SERIES
THE POLAR [2021] EWCA Civ 1828;
[2022] 1 Lloyd’s Rep 375
The Court of Appeal considers the incorporation of a charter war risks / K&R regime into bills of lading
Specific issues to be discussed will include:
FreightWaves Classics articles look at various aspects of the transportation industry’s history. If there are topics that you think would be of interest, please send them to [email protected].
The many industries that make up the world of freight have undergone tremendous change over the past several decades. Each week, FreightWaves explores the archives of American Shipper’s nearly 70-year-old collection of shipping and maritime publications to showcase interesting freight stories of...
https://www.freightwaves.com/news/freightwaves-flashback-bills-of-lading-in-a-bar-code
A recent news article published in the BIMCO website states that BIMCO sets sights on a global electronic bill of lading standard.
BIMCO is to play a key roleBIMCO is to play a key role in this...
https://mfame.guru/bimco-eyes-global-electronic-bill-of-lading-standard/
A smart choice: UK High Court confirms shipowner had an unfettered right to collect freight under its bills of lading even whilst on time charter
Today the High Court has issued an important judgment clarifying that ordinarily an owner is not liable to pay damages to a charterer if it collects freight due under its bills of lading even where no sums are due under a time charterparty.
Background
The case arose in the context of the total loss of the laden capesize Smart in August 2013...
The U.S. Federal Maritime Commission (FMC) said it is seeking information from the container-shipping public on alleged attempts by ocean carriers to hold companies financially responsible for transportation services that they did not contract for and may not legally be required to pay.
The FMC said it received comments for its earlier Docket No. 19-05, Interpretative Rule on Detention and Demurrage under the Shipping Act, from industry groups such as the Agriculture Transportation Coalition and...
https://s29755.pcdn.co/news/fmc-examines-ocean-carrier-billing-practices
Until container carriers can agree on a common “business language,” the electronic conveyance of important information will be lost in translation, according to Digital Container Shipping Association (DCSA) CEO Thomas Bagge.
Bagge said during a World Economic Forum webinar Monday that DCSA’s nine members — CMA CGM, Evergreen Marine, Hapag-Lloyd, HMM, Maersk, MSC, ONE, Yang Ming and ZIM — had six different definitions for what constitutes a vessel’s arrival in port.
“That’s hugely problematic....
https://s29755.pcdn.co/news/container-shipping-laden-with-antiquated-processes
India set to allow blockchain-based bills of lading (B/Ls) as part of the country’s efforts to digitise its maritime supply chains,...
https://mfame.guru/covid19-drives-blockchain-based-bills-of-lading/