Shipped On Board B/L

Shipped On Board B/L refers to a bill of lading issued by the carrier or its agent after the goods have actually been loaded onto the designated vessel. Its core feature is that the bill of lading bears the words "On Board" and the date of shipment, indicating that the goods are already under the carrier's control. Usage scenarios: It is commonly used in letter of credit (L/C) settlements, as UCP600 stipulates that banks generally only accept shipped on board bills of lading; under terms such as CFR, CIF, and FOB, the seller must provide a shipped on board bill of lading to fulfill the delivery obligation. Precautions: The date of issuance is regarded as the date of shipment, which directly affects the latest shipment date and the presentation period under the letter of credit; if the bill of lading is "Received for Shipment," an on board notation must be added with the date, otherwise the bank may refuse payment. The difference from a Received for Shipment B/L is that the latter only proves that the goods have been received and are awaiting shipment, without indicating that they have been loaded on board, and the allocation of risk and liability differs. In addition, a shipped on board bill of lading is a document of title and is transferable, whereas a received for shipment bill of lading does not have the same effect before an on board notation is added.