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Bearer Bill Of Lading

Bearer Bill Of Lading Template for India

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Key Requirements PROMPT example:

Bearer Bill Of Lading

"I need a Bearer Bill of Lading for shipping agricultural commodities from Mumbai to Singapore, incorporating specific temperature control requirements and multiple transhipment points, with expected departure in March 2025."

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Document background
The Bearer Bill of Lading is a crucial document in maritime trade under Indian jurisdiction, primarily used when parties need maximum flexibility in transferring cargo ownership during transit. This document type is particularly relevant when the ultimate receiver of the goods is unknown at the time of shipment or may change multiple times during the voyage. The legal framework is established by the Indian Bills of Lading Act, 1856, along with other relevant shipping and contract laws. A Bearer Bill of Lading contains essential information about the shipped goods, parties involved, vessel details, and terms of carriage. Its distinguishing feature is that possession of the original document constitutes proof of ownership, making it highly negotiable but also requiring careful handling due to increased risk of loss or theft. The document is widely used in commodity trading, international sales, and trade finance transactions where rapid transfer of title is necessary.
Suggested Sections

1. Bill of Lading Number and Date: Unique identification number and date of issuance of the bill of lading

2. Carrier Details: Name, address, and contact information of the shipping company/carrier

3. Shipper Details: Name and address of the party shipping the goods

4. Consignee: Marked as 'TO ORDER' or 'BEARER' for a bearer bill of lading

5. Notify Party: Details of the party to be notified upon arrival of the goods

6. Vessel and Voyage Details: Name of vessel, voyage number, port of loading and discharge

7. Goods Description: Detailed description of the cargo including quantity, weight, marks, and numbers

8. Freight and Charges: Details of freight payments and other charges, whether prepaid or collect

9. Number of Original Bills: Statement of how many original bills of lading have been issued

10. Terms and Conditions: Standard terms governing the carriage contract and liability provisions

Optional Sections

1. Special Instructions: Any special handling requirements or instructions for the cargo

2. Declaration of Value: Used when shipper declares a specific value for the goods

3. Temperature Requirements: For temperature-controlled cargo requiring specific conditions

4. Dangerous Goods Declaration: Required when shipping hazardous materials

5. Clean Bill Statement: Optional explicit statement that the bill is 'clean' (no adverse remarks about cargo condition)

6. Transhipment Details: Required when cargo will be transferred between vessels during journey

Suggested Schedules

1. Container List: Detailed list of container numbers and seals when multiple containers are shipped

2. Cargo Manifest: Detailed inventory of the goods being shipped

3. Rate Schedule: Breakdown of freight rates and additional charges

4. Special Handling Instructions: Detailed instructions for specific cargo requirements

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions






























Clauses
























Relevant Industries

Maritime Transportation

International Trade

Logistics

Shipping

Import/Export

Commodities Trading

Manufacturing

Agriculture

Oil & Gas

Mining

Retail

Banking & Finance

Relevant Teams

Logistics

Supply Chain

International Trade

Legal

Documentation

Operations

Risk Management

Commercial

Shipping

Trade Finance

Compliance

Port Operations

Relevant Roles

Logistics Manager

Shipping Coordinator

Trade Finance Manager

Export Manager

Import Manager

Supply Chain Director

Documentation Specialist

Customs Compliance Officer

Maritime Operations Manager

Trade Documentation Officer

Legal Counsel

Risk Manager

Commercial Manager

Port Operations Manager

Freight Forwarding Manager

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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