7.1.4.4 Liner bill of lading & charter party b...

7.1.4.4 Liner bill of lading & charter party bill of lading班轮运输和租船合同提单

♦Liner bill of lading班轮运输提单

If you are shipping a small amount of cargo,you normally arrange for a liner to transport the goods and get an ordinary B/L—a liner B/L.

♦Charter party bill of lading租船合同提单

If you need the entire(or a very substantial part)capacity of a vessel,you may need to charter the vessel,and enter into a charter party with the ship owner.Under this agreement,the transport document is issued by the master(the captain)to you,the charterer,and is called a“charter party bill of lading”.

A charter party B/L under a transaction by letter of credit is usually unpopular with a bank,as the credit is subject to the charter party between the charterer and the ship owner.The ship owner often has a right to lay claim to the cargo aboard the ship in case of a dispute with the charterer.For this reason,bankers generally refuse to accept a charter party B/L as collateral for loans,or for payment under a letter of credit.Conceivably,a charter party B/L could not be presented as a substitute for a marine or port-to-port B/L if the latter is expressly required in the credit.