The CMI also approved in the Paris Conference, on 29 June 1990, eight rules to interpret the meaning of the sea waybill. Possibly these rules only shall apply voluntarily and when adopted by a contract of carriage which is not covered by a bill of lading or similar document of title, whether or not the contract is in writing. “Hague Rules” means the provisions of the International Convention for Unification of Certain Rules Relating to Bills of Lading signed at Brussels on 25th August 1924.
A waybill (UIC) is a document issued by a carrier giving details and instructions relating to the shipment of a consignment of goods. Typically it will show the names of the consignor and consignee, the point of origin of the consignment, its destination, and route.
Also, A House Bill of Lading (HBL) is issued by an NVOCC operator, or a Freight Forwarder to their customers.. A Master Bill of Lading (MBL) is issued by the Shipping Line (Carrier) to the NVOCC Operator, or Freight Forwarder..
A Sea Waybill is evidence of a contract of carriage and receipt of the goods being transported; whereas a Bill of Lading acts as the contract of carriage and receipt of the goods, while also serving as a document of title affording ownership. A Sea Waybill is not a negotiable document. Therefore it is not necessary to surrender it at the destination to obtain cargo delivery. The current bill of lading system used by shipping lines sometimes results in delays in cargo delivery and other problems when the original bill of lading is lost or arrives late.
we must know a Sea Waybill is a transport contract (contract of carriage) – the same as a Bill of Lading. A Sea Waybill, however, is not needed for cargo delivery and is only issued as a cargo receipt. It can either be issued in hard copy format or soft copy format. Also known as a Waybill, this is a type of bill of lading used for port-to-port or combined transport carriage. A waybill is identical to a negotiable bill of lading except that it is not a document of title. There are no originals issued for this type of document.
Bill of Lading and Telex Release: Definition, Meaning, Pro & Cons. An original Bill of Lading is a paper bill of lading issued to a customer whereas a Telex Release is an electronic release issued in return for the surrender of an original Bill of Lading.
