Course price

Discounts

10% group discount is available for registering 3 or more participants from the same company. Cannot be combined with any other discount.

Overview

In today's interconnected world of global trade, understanding the intricacies of Bills of Lading is paramount. The BIMCO Masterclass is designed to empower you with the knowledge and expertise needed to navigate the complex world of Bills of Lading.

Bills of Lading serve as the cornerstone of international commerce, playing a pivotal role in facilitating the smooth movement of goods across borders. They are not just documents; they are essential instruments that dictate the terms, responsibilities, and legalities of global trade transactions.

Our Masterclass on Bills of Lading is a deep dive into this crucial aspect of international trade. From the fundamental principles to the nuanced complexities, our program covers it all. Here's what you can expect:

What will you learn?

Day 1: Mastering the Basics

• Overview of Bills of Lading: Understand the fundamental relationships between contracts of sale, letters of credit, charter parties, and bills of lading.
• International Regulation: Explore the impact of international conventions like the Hague, Hague-Visby, and Hamburg Rules, along with carrier duties, package limitations, and Paramount Clauses.
• The Functions of the Bill of Lading: Delve into the multifaceted roles of bills of lading as receipts, evidence of contracts, and documents of title.
• Combined and Through Transport: Navigate the complexities of multi-modal transportation, networking principles, and the role of freight forwarders and NVOCCs.
• Negotiating Bills of Lading: Tackle the intricate issues surrounding the right to sue carriers, liabilities, types of bills, and the evolution of electronic bills of lading.

Day 2: Navigating Risks and Complexities

• Bills of Lading and Related Risks: Understand the implications when bills do not align with letter of credit terms, go missing, or aren't available at the discharge port. Explore issues with ante-dated bills and fraudulent documents.
• Letters of Indemnity: Learn about obtaining cargo release without the original bill of lading, the benefits and limitations of letters of indemnity, and associated risks.
• Misdelivery Claims: Dive into misdelivery claims, their common causes, legal frameworks, and best practices for prevention and resolution.
• Switch Bills of Lading: Examine reasons for switching bills, practical challenges, associated risks, and the role of Letters of Indemnity and Charter Clauses.

Why choose to participate?

Our Masterclass is not just theoretical; it is a practical guide filled with real-world examples, case studies, and interactive group exercises. Our expert instructors bring years of industry experience to the table, ensuring that you leave with the knowledge and skills to navigate the complexities of Bills of Lading confidently.

Join us for this transformative journey into the heart of global commerce!

How will this course help your professional development?

Bills of Lading issues arise in one way or form at every shipment. This course will assist you in identifying the potential challenges in advance and enable you to ask the right questions to the parties involved, thereby helping you to understand and explain your own risks and exposure.

After the course, you will have a have a much deeper understanding of the fundamental functions of the B/L and how it fits into the document flow. You will be able to discuss issues, such as delivery against an LOI, with your superiors, P&I club or legal counsel.

Course certification

Participants will be given an option of taking a final assessment (an open-book test) after the course, and Certificate of Achievement will be issued with a grade (pass, merit or distinction). Those not taking the assessment will receive a Certificate of Attendance.

Course materials

BIMCO issues electronic course files as an Adobe PDF file enabling you to make personal notes. All documentation and presentations will be in English.

You will also receive access to BIMCO's eLearning module on "Bills of Lading".

Speakers

Organiser