Document background
The Trade Finance Bill of Lading is a fundamental document in international trade transactions under Malaysian jurisdiction. It is essential for businesses engaged in import/export activities, particularly when utilizing trade finance instruments such as letters of credit. The document must comply with the Malaysian Carriage of Goods by Sea Act 1950, the Contracts Act 1950, and relevant international conventions. It contains crucial information including shipper and consignee details, cargo specifications, vessel information, and terms of carriage. This document is particularly important in Malaysia's trade-heavy economy, facilitating both domestic and international maritime commerce while providing banks with the security needed for trade finance operations. As a negotiable instrument, it enables the transfer of title to goods while in transit and serves as collateral in trade finance arrangements.
