Document background
A Released Bill of Lading is a fundamental document in maritime trade, particularly crucial in Hong Kong's bustling shipping industry. This document type is used when goods have been shipped and the original bill of lading has been surrendered to the carrier, typically upon delivery of the cargo. The Released Bill of Lading provides evidence that the goods have been released to the entitled party. Under Hong Kong law, it must conform to the requirements set out in local ordinances and international conventions, particularly regarding content, format, and legal effect. The document includes essential information such as vessel details, cargo specifications, parties involved, and terms of carriage. It's particularly important in international trade transactions where documentary credit is involved, serving as a key document for payment release and transfer of title to goods.
