Document background
The Transfer Bill of Lading is a fundamental document in international maritime trade, particularly important under Danish jurisdiction which combines national maritime law with international shipping conventions. This document is used when cargo ownership needs to be transferable during transit, common in international trade financing and commodity trading. A Transfer Bill of Lading contains crucial information including cargo details, parties involved, vessel information, and terms of carriage, while complying with the Danish Merchant Shipping Act and international maritime conventions. It is distinguished from a straight bill of lading by its negotiability feature, allowing the transfer of cargo ownership through endorsement and delivery of the document. The document plays a vital role in trade finance, enabling banks to hold title to goods as security and facilitating documentary credit transactions.
