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What is Clean on board Bill of Lading?
Clean on board Bill of Lading’ – a common term used under sea shipment among business transactions. What is this ‘Clean on board Bill of Lading’. ‘Clean on board bill of lading’ is one of the important documents required under Letter of Credit for the purpose of negotiation or discounting of bills.
What is Clean on board bill of Lading? How does Clean bill of Lading work?
Strictly speaking, this term ‘clean onboard bill of lading’ is a combination of two types of bill of lading called Clean bill of lading and onboard bill of lading.
Clean On Board Bill of Lading is commonly mentioned under a contract of Letter of Credit between buyer and seller in terms of Sea Transport Document under shipment of sale carries.
Let us discuss about Clean Bill of Lading and then Clean On board Bill of Lading.
A clean bill of Lading means, the carrier of goods received cargo with good condition with proper packaging. In other words, the cargo received under a clean bill of lading has no clause, notation or remarks on the quantity or quality of goods as well as packing. Once after issuing a clean bill of lading by carrier, the responsibility on poor packing, damage of goods and other handling defective falls on carrier.
Once the goods received with good conditions with proper packing gone on board the vessel, the carrier issues Clean On board Bill of Lading. Clean On board Bill of Lading certifies that the cargo on board has no negative clause, notation or remarks on the quantity, quality or packaging of goods. In other words, when issuing a clean on board bill of lading, the carrier certifies that the goods gone on board the vessel are in good conditions with proper packing. Also read Is Received for shipment Bill of Lading sufficient for LC negotiation? How transshipment bill of lading works? Clean On board Bill of Lading Vs. Shipped On board Bill of Lading What is ‘Combined Bill of Lading’ Unclean Bill of Lading/Claused bill of lading/foul bill of lading/Dirty Bill of Lading
I hope, I have explained Clean On board Bill of Lading in easy language.
Do you have different experience in handling clean on board bill of lading?
The above information is a part of Export import business Course online
Clean On board Bill of Lading Vs. Shipped On board Bill of Lading
Terms used in international trade business such as Claim,CLASS,Clean bill of lading,Clean report of findings, Collecting bank,Collection papers
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Import product code of machineryines, dishwash, clean etc cont and fill, pak etc
Export commodity code for harvest etc machineryines, cleaning eggs etc not elsewhere mentioned in chapter 84, pts
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