House
Bill of Lading HBL and Master Bill of Lading MBL
A bill of lading
issued by a freight forwarder or NVOCC (Non vessel operating companies) or
groupage operator is known as a HBL ie. House Bill of Lading. Once after
receiving cargo from shipper after necessary customs formalities, the freight
forwarder releases House Bill of Lading HBL to the shipper. House Bill of
Lading also is a negotiable document and accepted similar to MBL Master Bill of
Lading. Normally HBL House Bill of Lading is issued as per the terms and
conditions of Multi modal Transport Document Act. The shipper in House Bill of
Lading is the exporter or shipper who delivers goods to freight forwarder and
the importer or consignee, the party to whom the cargo has to be delivered by
the said freight forwarder.
The freight forwarder
after receiving goods from shipper, re-book the same cargo to main carriers who
are vessel owners. The main carriers, once cargo received, issues Bill of
Lading to whom the cargo booked with him. This is called MBL - Master Bill of
Lading. In a master bill of lading, the shipper will be the freight forwarder
who delivers the cargo to main carrier and the consignee, the overseas
counterpart party of the freight forwarder who receives the goods from final
shipper.
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