Document background
The Bill of Lading For Ocean (Transport) is a fundamental document in maritime trade, particularly crucial in the Philippine context where sea transport is vital for both domestic and international commerce. This document is required whenever goods are transported by sea, serving as evidence of the contract between the shipper and carrier, while also functioning as a receipt for cargo and a document of title. It must comply with Philippine legislation, including the Civil Code, Code of Commerce, and MARINA regulations, as well as international conventions such as the Hague Rules. The document becomes especially important in international trade transactions, letters of credit, and customs clearance procedures, containing detailed information about the cargo, parties involved, vessel, and terms of carriage. Its proper execution is essential for protecting the interests of all parties involved in the maritime transportation process and ensuring smooth cargo delivery.
