As you maybe aware, I write this blog primarily :
- to explain shipping and freight to the newcomers to the industry in an easy way and make it less scary
- to share my knowledge and experiences in the industry
- to provide an online reference guide for the people in the industry
- to share thoughts, views and opinions with others already in the industry
In order for me to gauge what topics I must write about, I pose questions from time to time on the blog and ask the readers for answers..
Since the previous tests were a while ago, I decided to throw out a question about a bill of lading (posed by a reader) as a test..
In my previous article about What is a Bill of Lading, I mentioned that a Bill of Lading has 3 basic purposes or roles..
- Evidence of Contract of Carriage
- Receipt of Goods and
- Document of Title to the goods
Below question is in the context of the 3rd role of the bill of lading..
Q: In the case of a Straight Bill of Lading, does title to goods pass from Shipper to Consignee upon shipment going on board even if the Shipper retains the OBL with him for payment..
Please share your views and opinions on this question by commenting below..