Document background
The Memo Bill of Lading is specifically designed for situations where transfer of title is not required, typically used in circumstances where the shipper and consignee are related parties or where documentary credit is not involved. This document, governed by Singapore maritime law, includes essential shipping details, cargo descriptions, and terms of carriage while offering a more streamlined process compared to traditional bills of lading. It serves as both a receipt for goods and evidence of the contract of carriage, making it particularly useful for straightforward shipping arrangements.
