Document background
The Trade Finance Bill of Lading is a fundamental document in international maritime commerce, particularly under German law where it is regulated by the Handelsgesetzbuch (HGB) and relevant EU regulations. It is used when goods are transported by sea and serves as evidence of the carrier's receipt of goods, proof of the contract of carriage, and a transferable document of title. This document is essential for trade finance transactions, enabling banks to provide financing against the security of the shipped goods. It must include specific information such as the parties involved, goods description, vessel details, and terms of carriage, while complying with both German legal requirements and international shipping practices. The document is particularly crucial in letter of credit transactions where it serves as a key presentation document for payment.
