Charter Party Bill of Lading

A Charter Party Bill of Lading is a document issued under a charter party. It serves as a receipt for cargo and as a contract of carriage. It delineates responsibilities between the shipowner and the charterer.

A charter party is a contract where a shipowner leases their vessel to a charterer for transporting goods. Examples include time charter, voyage charter, and demise charter.

This bill of lading holds significance in maritime law. It entails details like the vessel’s name, cargo description, loading port, and discharge port. It also verifies that the cargo has been loaded in good order.

Various stakeholders, such as shippers, consignees, and banks, rely on this document. It facilitates international trade by functioning as a negotiable instrument.

Accuracy in this document ensures the correct transfer of title and possession of goods. Misstatements can lead to disputes and financial losses.