#1
14th May 2016, 06:29 PM
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Difference Between MBL HBL
Hello sir I want to know what is the Difference Between MBL HBL so here can you please give me its details ?
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#2
14th May 2016, 06:30 PM
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Re: Difference Between MBL HBL
Hey as This is one of the common questions among readers about house bill of lading and master bill of lading. HBL A bill of lading issued by a freight forwarder or NVOCC (Non vessel operating companies) is called HBL House Bill of Lading. Once after receiving cargo from shipper after necessary customs formalities, the freight forwarder releases House Bill of Lading HBL to the shipper. House Bill of Lading also is a negotiable document and accepted similar to any Bill of Lading. Normally HBL House Bill of Lading is issued as per the terms and conditions of Multi model Transport Document Act. The shipper in House Bill of Lading is the exporter or shipper who delivers goods to freight forwarder and the importer or consignee, the party to whom the cargo has to be delivered by the said freight forwarder. A house bill of lading (HBL) may or may not be subject to Hague Rules, The Hague-Visby Rules and US COGSA (US Carriage of Goods by Sea Act 1936. ) etc. MBL The freight forwarder after receiving goods from shipper, re-book the same cargo to main carriers who are vessel owners. The main carriers, once cargo received, issues Bill of Lading to whom the cargo booked with him. This is called MBL Master Bill of Lading. In a master bill of lading, the shipper will be the freight forwarder who delivers the cargo to main carrier and the consignee, the overseas counterpart party of the freight forwarder who receives the goods from final shipper. A master bill of lading (MBL) is subject to Hague Rules, The Hague-Visby Rules and US COGSA (US Carriage of Goods by Sea Act 1936. ) etc. Master bill of lading is signed by the actual carrier and states the terms and conditions of the carriage, as a result consignee may have protection in case the goods are damaged or lost in transit. |