Document background
The One Bill of Lading is a fundamental document in maritime trade, particularly crucial for shipments involving Saudi Arabian ports and jurisdiction. It is used when goods are being transported by sea, serving three essential functions: as a receipt confirming the carrier's possession of the cargo, as evidence of the contract of carriage, and as a document of title to the goods. This document must comply with Saudi Arabian Maritime Commercial Law and related regulations, while also adhering to international shipping standards. The One Bill of Lading is typically issued by the carrier to the shipper once goods are loaded onto the vessel, and it contains critical information including details of the parties involved, cargo description, shipping terms, and conditions of carriage. It's particularly important for international trade transactions involving Saudi Arabia, as it facilitates customs clearance, payment processing through banks, and transfer of title to the goods.
