Document background
The Bill of Lading Invoice is an essential document in maritime trade and shipping operations under Indian jurisdiction, combining the functions of a traditional Bill of Lading with comprehensive invoice details. This document type is primarily used in commercial shipping transactions where a single, consolidated document is required to serve both as evidence of cargo receipt and financial transaction. The Bill of Lading Invoice must comply with Indian legislation including The Carriage of Goods by Sea Act, 1925, and The Indian Bills of Lading Act, 1856, as well as contemporary commercial requirements such as GST regulations. It provides crucial information including carrier and vessel details, cargo specifications, freight charges, and payment terms, while also serving as a document of title that can be used in trade finance operations. This document is particularly important in international trade scenarios where it facilitates customs clearance, payment processing, and cargo release at ports.
