What is the notify party on a bill of lading?
The notify party is the contact person to be notified when the shipment arrives at destination. The notify party can be the buyer himself, the shipping agent, or any other entity. The notify party is usually also responsible for arranging customs clearance at destination.
What is the use of notify party in BL?
A Notify Party is merely someone that needs to be notified about the arrival of the cargo covered in the bill of lading.. The details of the notify party are provided by the entity that provides the shipping instruction to the shipping line..
What is the difference between consignee and notify party?
Consignee means a person entitled to take delivery of the goods under a contract of carriage indicated on a bill of lading. Notify party means a person that should be notified by the carrier along with the consignee when the shipment arrives at port of discharge.
What is meant by notify party?
A notify party is any party that is notified with shipment information by a carrier upon the arrival of cargo at its destination. In most instances, a customs broker, freight forwarder, or intermediary is shown as the notify party in order to facilitate prompt customs clearance and cargo delivery.
What is notify address?
Address mentioned in the transport document (bill of lading or air waybill) to which the carrier is to give notice when goods are due to arrive.
Can Notify Party make payments?
Notify Party, Modes of Payment, and Incoterms Payment may be made in-advance or upon-delivery (COD – Cash on Delivery). It could be in installments as agreed between the shipper and buyer.
Is the consignee the buyer?
In a contract of carriage, the consignee is the entity who is financially responsible (the buyer) for the receipt of a shipment. Generally, but not always, the consignee is the same as the receiver.
Who is the Consigny?
In a contract of carriage, the consignee is the entity who is financially responsible (the buyer) for the receipt of a shipment. If a sender dispatches an item to a receiver via a delivery service, the sender is the consignor, the recipient is the consignee, and the deliverer is the carrier.
What is the meaning of consignee and notify party?
Consignee: Consignee is the person to whom the carrier (Ship) is supposed to deliver the goods. Notify Party: Notify party is the party to whom the carrier is suppose to notify regarding the arrival ETA’s of the vessel. Notify party is then responsible for arranging the arrival formalities of the vessel.
Can the consignee be the shipper?
Therefore, the shipper and the consignee can be the same. The shipper is, in strict terms, the contract party on the bill of lading. The consignee is the recipient of the goods.
WHO issued bill of lading?
carrier
A bill of lading is issued by a carrier (in the case of seafreight – referred to as Ocean Carrier).. An ocean carrier is someone who has undertaken to provide the transportation of goods from point A to point B using the waterways as the primary mode but also combining rail and road services..
Who is the notify party on a bill of lading?
What is the notify party on a bill of lading? Notify – is the name and address details of the person who should be notified of the arrival of the cargo.. Depending on the bill of lading that is issued this could be the actual buyer or receiver of the goods, clearing and forwarding agent or the trader.
Who is responsible for notifying the notify party?
While the shipper or carrier has the responsibility to keep the notify party abreast of the arrival details of the vessel and failing to do so may lead to unpleasant situations, you may sometimes find on bill of lading a clause where shipper and carrier assume no responsibility for failure to notify.
Who are the consignee and the notify party?
Simple enough question.. But the answer may not be as simple.. In a previous article on this blog, the consignee and notify has been defined as below : Consignee – is a key entity in the shipping chain and is the person or company that is legally allowed to receive the cargo covered in the bill of lading..
Who is the notify party of the vessel?
Notify party is then responsible for arranging the arrival formalities of the vessel. By now you must have guessed it rightly that notify party could be agent , receiver of the cargo or any other person/entity who has the interest in the arrival of the cargo.