Document background
The First Bill of Lading is a fundamental document in maritime trade, particularly significant under Philippine jurisdiction where sea transport plays a vital role in international commerce. It is issued by the carrier to the shipper upon receipt of cargo, serving three essential functions: acknowledging receipt of goods, evidencing the contract of carriage, and acting as a document of title. The document must comply with Philippine regulations, including the Carriage of Goods by Sea Act and Code of Commerce, while also meeting international shipping standards. This original (First) Bill of Lading is crucial for commercial transactions, customs clearance, and cargo release, often required for letter of credit transactions and international trade documentation. It contains detailed information about the shipment, parties involved, and terms of carriage, making it an indispensable tool in maritime commerce.
