What Is a Charter Party Bill of Lading?

· Charter bill of lading refers to the bill of lading issued by the ship owner under the charter party contract.

Charter party bill of lading

Right!

· Charter bill of lading refers to the bill of lading issued by the ship owner under the charter party contract.

Chinese name

Charter party bill of lading

Foreign name

charter party bill of lading

Meaning

Bill of lading issued by the ship owner under the charter party

Required item

Ship name, loading port and destination port, etc.

Refers to the bill of lading issued by the ship owner under the charter party.

· The bill of lading generally states that "all conditions are based on the charter party contract signed on a certain day, a certain month and a certain day" or marked with the words "opened under the charter party contract".

This type of bill of lading is generally an abbreviated bill of lading, which includes only the necessary items such as cargo name, quantity, ship name, loading port and destination port, without the detailed terms on the back of the full bill of lading. However, the words "issued under the ××× chartering contract" were added to the bill of lading. Shippers of bulk cargoes usually charter entire ships, chartering a voyage or return. The shipowner concludes a charter party with the charterer. After the loading is completed, the carrier must issue a bill of lading to the shipper (charterer). A charter party cannot be issued without a bill of lading, because the shipper still needs a cargo receipt, and the contract only stipulates the rights and obligations of the ship and the charterer, and cannot be used as a receipt. This bill of lading is not a complete and independent document and is subject to the charter party's contract. On the premise that the letter of credit requires or allows the submission of a charter party bill of lading, banks generally require exporters to submit a bill of lading along with a copy of the charter party contract to the bill of lading for reference. According to Article 22 of the Uniform Customs and Practice for Documentary Credits: "The bank will not review the charter party, even if the letter of credit requires submission of the charter party." Charter bill of lading generally refers to the use of the charterer to carry all the goods of the charterer. The bill of lading signed by the owner to the charterer, or not the full shipment of the charterer's goods, but the bill of lading issued by the owner or the charterer.