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An Explanation of the House Bill of Lading

An Ocean Transport Intermediary (OTI) such as a freight forwarder or a non-vessel operating company (NVOCC) produces a House Bill of Lading, which the supplier receives upon receiving the cargo.  Import-export course online will help you in understanding the shipping & logistic terms easily. In most cases, a freight forwarder, as a vessel carrier, issues a receipt for the goods that is called House Bill of Ladings (HBL). As a result, the freight forwarder books the cargo with the vessel owner and collects the Master Bill of Lading (MBL) or Groupage Bill of Lading.

House Bill of Lading Includes-

Address and name of the supplier (exporter/seller)
Name and address of receiver (importer/consignee)
A description of the items shipped (dimensions, weight, classification, container type, etc.).
Valuation of the items shipped
Transportation mode
Shipment terms

In essence, it is an assurance that the consignment is damage-free and is ready for shipping to the consignee. Any damage incurred during transportation becomes the carrier’s responsibility. If the House Bill of Lading indicates that the consignment was damaged when it was received, the supplier is liable. Additionally, the house bill of lading is proof that the carrier has a contract to transport the cargo. Hope you like our article on house bill of lading. Do share your experience on the same. The information provided above is part of our Online Export Import Training course.

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