Document background
The On Board Notation Bill of Lading is a fundamental document in maritime trade, particularly crucial under German law where it is governed by the Handelsgesetzbuch (German Commercial Code) and international maritime conventions. This document is used when goods are shipped by sea and requires specific notation confirming that goods have been physically loaded onto the named vessel. Unlike a received-for-shipment bill of lading, this version provides stronger evidence of shipment, making it preferred for letter of credit transactions and international trade finance. The document includes detailed information about the parties involved, vessel details, cargo specifications, and terms of carriage. It serves the triple function of being a receipt for goods, evidence of the contract of carriage, and a transferable document of title, making it essential for international trade transactions where goods are sold while in transit.
