Donald
Active Member
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Dear my friends,
Is there a difference between Laden on Board and Shipped on Board notation on a bill of lading..?
1) Laden on board = Confirmation from the entity issuing the bill of lading that the cargo has been loaded on board and when accompanied with a date, it means that the cargo described on the bill of lading has been loaded on board the ship on the specific date mentioned..
If no date is mentioned, the bill of lading date will be deemed to be the date that the cargo was loaded on board..
Laden on board only means that the cargo has been loaded on board and should not be construed as the ship having sailed with the cargo..
This specific notation however is not very widely used as compared to a shipped on board notation
2) Shipped on board = Confirmation from the entity issuing the bill of lading that the cargo has been loaded on board and the ship has sailed.. When accompanied with a date, it means that the cargo described on the bill of lading has been loaded on board the ship and the ship has sailed on the specific date mentioned.. If no date is mentioned, the bill of lading date will be deemed to be the date of shipment..
UCP600 Article 20 – Section A – sub-section ii clarifies this point as below:
– an on board notation indicating the date on which the goods have been shipped on board.
The date of issuance of the bill of lading will be deemed to be the date of shipment unless the bill of lading contains an on board notation indicating the date of shipment, in which case the date stated in the on board notation will be deemed to be the date of shipment.
How frequently have you issued or seen a bill of lading with the Laden on Board notation and have you had any issues with your negotiations due to the lack of understanding of above difference ?
Is there a difference between Laden on Board and Shipped on Board notation on a bill of lading..?
1) Laden on board = Confirmation from the entity issuing the bill of lading that the cargo has been loaded on board and when accompanied with a date, it means that the cargo described on the bill of lading has been loaded on board the ship on the specific date mentioned..
If no date is mentioned, the bill of lading date will be deemed to be the date that the cargo was loaded on board..
Laden on board only means that the cargo has been loaded on board and should not be construed as the ship having sailed with the cargo..
This specific notation however is not very widely used as compared to a shipped on board notation
2) Shipped on board = Confirmation from the entity issuing the bill of lading that the cargo has been loaded on board and the ship has sailed.. When accompanied with a date, it means that the cargo described on the bill of lading has been loaded on board the ship and the ship has sailed on the specific date mentioned.. If no date is mentioned, the bill of lading date will be deemed to be the date of shipment..
UCP600 Article 20 – Section A – sub-section ii clarifies this point as below:
– an on board notation indicating the date on which the goods have been shipped on board.
The date of issuance of the bill of lading will be deemed to be the date of shipment unless the bill of lading contains an on board notation indicating the date of shipment, in which case the date stated in the on board notation will be deemed to be the date of shipment.
How frequently have you issued or seen a bill of lading with the Laden on Board notation and have you had any issues with your negotiations due to the lack of understanding of above difference ?
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