The LC Shipment Bill of Lading is essential in international trade transactions involving letters of credit. It emerged from the need to have a secure document that could satisfy both shipping and banking requirements. Under US jurisdiction, this document must comply with the Uniform Commercial Code, Federal Bills of Lading Act, and UCP 600 guidelines. It includes detailed information about the shipment, parties involved, and specific notations required for letter of credit compliance. The document is particularly crucial for ensuring payment security in international trade while maintaining legal standards for cargo transportation.
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1. Shipper Information: Full name and address of the party shipping the goods
2. Consignee Information: Details of the party receiving the goods
3. Vessel/Voyage Information: Ship name, voyage number, port of loading and discharge
4. Cargo Description: Detailed description of goods, including quantity, weight, and markings
5. Terms of Carriage: Conditions under which transportation is undertaken, including liability terms and governing law references
1. Notify Party: Third party to be notified upon arrival, used when different from consignee
2. On-Board Notation: Required for letter of credit transactions to confirm goods loaded
3. Special Instructions: Any specific handling or delivery instructions
1. Packing List: Detailed inventory of shipped items
2. Container Manifest: List of containers and their contents when applicable
3. Dangerous Goods Declaration: Required when shipping hazardous materials
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