The LC Shipment Bill of Lading is essential in international trade transactions involving letters of credit. It emerged from the need to have a secure document that could satisfy both shipping and banking requirements. Under US jurisdiction, this document must comply with the Uniform Commercial Code, Federal Bills of Lading Act, and UCP 600 guidelines. It includes detailed information about the shipment, parties involved, and specific notations required for letter of credit compliance. The document is particularly crucial for ensuring payment security in international trade while maintaining legal standards for cargo transportation.
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1. Shipper Information: Full name and address of the party shipping the goods
2. Consignee Information: Details of the party receiving the goods
3. Vessel/Voyage Information: Ship name, voyage number, port of loading and discharge
4. Cargo Description: Detailed description of goods, including quantity, weight, and markings
5. Terms of Carriage: Conditions under which transportation is undertaken, including liability terms and governing law references
1. Notify Party: Third party to be notified upon arrival, used when different from consignee
2. On-Board Notation: Required for letter of credit transactions to confirm goods loaded
3. Special Instructions: Any specific handling or delivery instructions
1. Packing List: Detailed inventory of shipped items
2. Container Manifest: List of containers and their contents when applicable
3. Dangerous Goods Declaration: Required when shipping hazardous materials
Relevant legal definitions
Bill of Lading
Letter of Credit (LC)
Shipper
Consignee
Notify Party
Carrier
Vessel
Port of Loading
Port of Discharge
Clean Bill of Lading
On Board
Marks and Numbers
Freight
Place of Receipt
Place of Delivery
Container Number
Seal Number
Shipping Marks
Gross Weight
Net Weight
Measurement
Package
Units
INCOTERMS
Consignment
Original Bill of Lading
Negotiable Bill of Lading
Straight Bill of Lading
Order Bill of Lading
Master Bill of Lading
House Bill of Lading
Through Bill of Lading
Combined Transport Document
Port to Port Shipment
Freight Prepaid
Freight Collect
Clean on Board
Shipped in Apparent Good Order
Subject to
Letter of Credit (LC)
Shipper
Consignee
Notify Party
Carrier
Vessel
Port of Loading
Port of Discharge
Clean Bill of Lading
On Board
Marks and Numbers
Freight
Place of Receipt
Place of Delivery
Container Number
Seal Number
Shipping Marks
Gross Weight
Net Weight
Measurement
Package
Units
INCOTERMS
Consignment
Original Bill of Lading
Negotiable Bill of Lading
Straight Bill of Lading
Order Bill of Lading
Master Bill of Lading
House Bill of Lading
Through Bill of Lading
Combined Transport Document
Port to Port Shipment
Freight Prepaid
Freight Collect
Clean on Board
Shipped in Apparent Good Order
Subject to
Clauses
Receipt of Goods
Description of Goods
Carrier Information
Vessel Details
Ports and Route
Loading Conditions
Delivery Terms
Freight Charges
Payment Terms
Liability
Force Majeure
Insurance
Claims and Disputes
Governing Law
Jurisdiction
General Average
Demurrage
Detention
Dangerous Goods
Deck Cargo
Carrier's Lien
Notice Requirements
Documentation Requirements
Transfer and Negotiation
Endorsement
Severability
Amendment
Entire Agreement
Description of Goods
Carrier Information
Vessel Details
Ports and Route
Loading Conditions
Delivery Terms
Freight Charges
Payment Terms
Liability
Force Majeure
Insurance
Claims and Disputes
Governing Law
Jurisdiction
General Average
Demurrage
Detention
Dangerous Goods
Deck Cargo
Carrier's Lien
Notice Requirements
Documentation Requirements
Transfer and Negotiation
Endorsement
Severability
Amendment
Entire Agreement
Relevant Industries
Relevant Teams
Relevant Roles
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