House Bill of Lading is a formal acknowledgment that the carrier has received the consignment for shipment post-inspection. It is an assurance that the consignment damage-free and is ready to be shipped to the consignee. Any damage incurred during the shipping becomes the liability of the carrier.
What is a house bill of lading used for?
A house bill of lading is a document issued by a freight forwarder to a shipper to acknowledge receipt of their items for shipment.
Who can issue a house bill of lading?
A House Bill of Lading is a BOL created by an Ocean Transport Intermediary (OTI) such as a freight forwarder or non-vessel operating company (NVOCC) and is issued to the supplier once the cargo has been received.
What’s the difference between a Master Bill and a House Bill of lading?
Master Bill of Lading – Maritime transport contract between the shipping company and the freight forwarder. House Bill of Lading – Maritime transport contract between the freight forwarder and its sending customer. In which cases are a Master Bill of Lading and a House Bill of Lading issued?
What do you need to know about a bill of lading?
A Bill of Lading, or B/L, simply put, is a legal contract of carriage for the cargo being shipped. It contains details of the shipment, dates, parties involved, etc.
How is a House Bill of lading different from a carriage contract?
House bill of lading is signed by the forwarder, and it states the terms and conditions of carriage for the forwarder company’s perspective. A house bill of lading does not contain actual carrier’s carriage contract, as a result the shipper stated on the house bill of lading is not identified in the actual carrier’s contract.
Can a freight forwarder sign a House Bill of lading?
Once the freight forwarder or the NVOCC signs a master bill of lading with a shipping line, they issue a house bill of lading that container the same exact information and details to their customers.
