Document background
The Bill of Lading (BOL) is a fundamental document in maritime shipping and international trade. Under Singapore law, a BOL serves three essential functions: it acts as a receipt for goods shipped, provides evidence of the contract of carriage, and serves as a document of title to the goods. The document includes crucial information such as the nature, quantity, and condition of the goods being transported, shipping details, and terms of carriage. This document is particularly important in international trade as it enables the consignee to claim delivery of the goods at the destination port and can be used as security for payment in international transactions.
