The LC Shipment Bill of Lading is a specialized form of bill of lading designed to meet the specific requirements of letter of credit transactions in international trade. Used extensively in Singapore's maritime commerce, this document combines the traditional functions of a bill of lading with additional features required by banks for letter of credit compliance. It contains detailed information about the shipped goods, parties involved, vessel details, and shipping terms, while serving as a document of title that enables the transfer of ownership rights. This document is particularly crucial in Singapore's role as a major global trading hub, where it facilitates secure international trade transactions under the framework of the Bills of Lading Act and international maritime conventions.
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1. Carrier Details: Full legal name and contact information of the carrier, including vessel operator
2. Shipper Details: Full legal name and contact information of the shipper/exporter
3. Consignee Details: Details of the party to whom the goods are to be delivered
4. Vessel Information: Name, voyage number, and flag of the carrying vessel
5. Cargo Description: Detailed description of goods, including quantity, packaging, marks, and apparent condition
6. Ports and Dates: Port of loading, port of discharge, and relevant dates
7. Terms of Carriage: Standard terms and conditions of carriage including liability clauses and jurisdiction
1. Notify Party: Details of the party to be notified upon arrival of goods (if different from consignee)
2. Special Instructions: Specific handling, storage, or delivery instructions for special cargo
3. Freight Payment Details: Information about freight charges, payment terms, and prepaid/collect status
4. Transhipment Clauses: Special clauses regarding cargo transhipment if applicable
1. Container List: Detailed list of containers including numbers, seals, and contents
2. Cargo Manifest: Detailed inventory of all cargo being transported including weights and measurements
3. Standard Trading Conditions: Carrier's standard trading conditions as per Singapore law and Hague-Visby Rules
4. Clean B/L Clauses: Standard clauses for clean bills of lading as per international shipping practice
Relevant legal definitions
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