Document background
The On Board Notation Bill of Lading is a crucial document in international maritime trade, particularly under Singapore's jurisdiction. It is used when goods have been physically loaded onto a specific vessel, rather than just received for shipment. This document complies with Singapore's maritime laws and international conventions, particularly the Hague-Visby Rules. It serves three essential functions: confirming receipt of goods in apparent good order, evidencing the contract of carriage, and acting as a document of title that can be used in trade finance. The On Board Notation specifically indicates the actual loading of goods onto the named vessel, making it particularly important for letter of credit transactions.
