Advanced Bills of Lading

About the Course

Bills of lading are the most important documents in world trade, including shipping of every kind. Understanding the commercial and legal considerations are vital to successful shipping and transportation of cargoes. All players involved with bills of lading, including shipowners, charterers, brokers, agents, lawyers and bankers need to have a firm grasp of the complexities involved in careful use of these essential documents.

Our bills of lading masterclass will provide a comprehensive knowledge of bills of lading. Participants will explore the issues and complexities of bills of lading and learn how they function, what purpose they serve and their implications for the shipping of company-specific goods. Various international regulations will be discussed, including Hague and HagueVisby Rules, Hamburg Rules, Rotterdam Rules, UCP 500 & 600 and ISBP as well as the issues with fraudulent bills of lading, key clauses and obligations in employing electronic bills of lading.

Through a combination of theory, discussion, practical examples and exercises, our bills of lading course will allow you to gain a comprehensive understanding of the fundamentals involved in the careful creation and use of these crucial documents.

Who Will Benefit

• Shipowners
• Charterers including Importers, Exporters and Traders
• Ship Managers
• Port and ship agents
• Shipbrokers
• Freight forwarders
• Legal advisers
• Government bodies and representatives

Key Learning Objectives

• Understand the types of bill of lading and the commercial, technical and financial obligations of owners, other carriers and charterers
• Discuss carriers’ charter or liner obligations and know who is responsible for what
• Know the relevance of Hague / Hague-Visby / Hamburg / Rotterdam Rules and the advantages and disadvantages of each
• Appreciate the role of port agents and their vital functions and obligations
• Evaluate the implications of subcontracting and involving more than one actual carrier – identify responsibility and liability
• Enforce bills of lading among the relevant parties involved and prevent fraudulent B/Ls
• Understand the problems with fraudulent bills of lading and phantom cargoes/ships
• Key issues with electronic bills of lading and e-Bills clause

Course Information

Instructional Delivery Method: In Person and Live Digital
Prerequisite & Advanced Preparation: Reading material will be sent prior to the course

Delivered by Jeffrey Blum

Jeffrey Blum’s involvement in shipping and trading spans over 50 years. He is the fourth generation of a shipping family, has been an active member of the Baltic Exchange since 1976 and has worked with a Lloyd’s underwriter and as a shipbroker, ship owner and operator, gasoil futures broker, charterer and commodities trader in London and abroad.

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