Document background
The On Board Ocean Bill of Lading is a fundamental document in maritime trade, issued under Danish law and international maritime conventions. It is used when goods have been physically loaded aboard a specific vessel, as opposed to a 'Received for Shipment' bill of lading. This document incorporates provisions from the Danish Merchant Shipping Act and the Hague-Visby Rules, providing a standardized framework for international maritime cargo transport. It contains detailed information about the shipped goods, parties involved, vessel details, and terms of carriage. The document is particularly crucial for international trade finance, as banks often require an original On Board Ocean Bill of Lading as part of letter of credit transactions.
