What to Do When Original Bill of Lading is Lost?
Everyone becomes puzzled, thinking what to do when original Bill of lading is lost, or missing or has not arrived, the shipment of goods has arrived, and demurrage at the destination port is getting high up. It puts enormous stress on the parties involved. Sometimes this stress leads to the end of the contractual relationship between parties involved giving a significant negative after-effect on all the parties. This is because of the characteristics of the Original Bill of Lading (OBL). OBL is a required document to release goods at the destination. The main thing required in this situation is to keep calm and just think about what action best suits to solve the problem immediately. All the concerned parties like buyers, sellers, bankers, even the persons or executives involved will usually be under stress in this situation. Let’s not attack each other for any potential misconduct. Original Bill of Lading (OBL) and Its Characteristics: OBL is very important because o...