Difference Between HBL-House Bill of Lading and MBL-Master Bill of Lading
There are two types of Bill of Lading and it might issued as HBL - House Bill of Lading or an MBL - Master Bill of Lading.
1. HBL - House Bill of Lading
Freight Forwarders and NVOCC Operators can issue an HBL - House Bill of Lading to their clients/customers.
2. MBL - Master Bill of Lading
Shipping Lines (eg, Carrier) can issue an MBL - Master Bill of Lading to the Freight Forwarders and NVOCC Operators.
House Bill of Lading issued IF
the Shipper will normally be the actual transporter/exporter of the freight (or as directed by the LC - Letter of Credit)
the Consignee will normally be the actual recipient/merchant of the cargo(or as directed by the LC - Letter of Credit)
the Notify could be equivalent to Consignee (or some other party as directed by the LC - Letter of Credit)
Master Bill of Lading issued IF
the Shipper will generally be the NVOCC operator, or their agent or the Freight Forwarder.
the Consignee will generally be the objective specialist or partner or office of the NVOCC operator, or the Freight Forwarder
the Notify could be equivalent to Consignee or some other party.
In light of a legitimate concern for the NVOCC operator and their protection inclusion/exposure, it is suggested that all the information on the HBL and MBL like vessel/voyage information, freight description, number of containers, seal numbers, weight, measurements should remain the same.. The main distinction ought to be in the transporter, consignee and notification details.
Except if denied by the L/C, the HBL is likewise utilized/treated as a debatable document and can be considered to fulfill the functions of a bill of lading. In any case, due consideration must be taken when utilizing HBL as a debatable report as I have gone over a counter-profitable and risky act of entrusting the HBL and MBL the very same which implies that there are two arrangements of bills of lading gave by two distinct substances for the same cargo.
Such issues have occurred because of the lack of knowledge or information of the NVOCC or Freight Forwarder.
For more information, contact us and talk to our consultants for free ISF Customs Broker