BILLS OF LADING: COMMERCIAL, LEGAL & PRACTICAL ASPECTS
In international trade, sellers of goods want the certainty that they will be paid for the goods they ship and buyers want the certainty that they will receive the goods they have ordered and paid for in good order and condition. Cargo shippers and receivers both rely on bills of lading to facilitate their trade in goods internationally through the banking system, and shipowners also rely on the system to ensure they are paid for carrying the goods. With this in mind SAFETY4SEA is joining forces with the North P&I Club to deliver this one-of-a-kind one-day training seminar on Tuesday 5 March 2020, at the NH Amsterdam Schiphol Airport hotel, aiming to inform about the commercial need, legal framework and latest developments regarding bills of lading.
The event at a glance
Tuesday 05 March 2020
NH Amsterdam Schiphol Airport hotel
Kruisweg 495. Hoofddorp, 2132 NA Amsterdam
€ 1,000 for initial seat, additional seats with 20% discount, excl. VAT.
North P&I Club Trainers
- Tony Baker, Consultant
- David Richards, Deputy Director (Cargo)
Who Should Attend
Professionals from Chartering, Insurance, Legal, or Ship Operator organizations handling Bills of Lading and staff involved in ship operations across shipping
Why you should Attend
- Have a thorough insight on the commercial, legal, insurance and practical aspects of bills of lading
- Network with like-minded industry professionals to get a better understanding of their perceptions
- Attend a unique seminar and get a training certificate to demonstrate ongoing learning commitment
Remarks for the provision of the seminar
- Fees cover all beverages, snacks, workshop notes & material etc.
- Participants will be provided with full workshop notes as above.
- Participants will be provided with a Training Certificate on successful completion of the Seminar
09.00 – 09.30 – Registration and coffee
09.30 – 10.30 – Session #1: Commercial Need
In international trade, sellers of goods want the certainty that they will be paid for the goods they ship and buyers want the certainty that they will receive the goods they have ordered and paid for in good order and condition. Cargo shippers and receivers both rely on bills of lading to facilitate their trade in goods internationally through the banking system, and shipowners also rely on the system to ensure they are paid for carrying the goods.
The first session describes how the use of bills of lading is intended to meet the needs, and safeguard the positions, of cargo shippers, cargo receivers and shipowners.
10.30 – 11.00 – Networking Coffee
11.00 – 12.15 – Session #2: Legal Overview
Having established the commercial need for bills of lading, the second session uses North’s three golden rules to provide an overview of the fundamental elements of the legal framework under which they operate.
This provides more detail of the roles and responsibilities of shippers and receivers. It also describes the roles of shipowners and charterers and sets out their responsibilities when carrying goods under bills of lading to to protect them from problems, particularly if the goods presented for shipment are not as they have been described.
This session includes an interactive case study which uses North’s three golden rules to identify and solve problems associated with shipowners’ roles in carriage of cargo.
12.15 – 13.15 – Networking Lunch
13.15 – 14.15 – Session #3: Emerging Risks, Real world problems, E-Bills and Block Chain
The traditional use of bills of lading has seen some changes over recent years with the introduction of electronic bills of lading under open and closed systems, such as Bolero, and more recent alternatives such as block chain systems.
This session looks briefly at the differences between the traditional and more modern systems, how they fit with the legal requirements of carriage of goods and how this affects the role and responsibilities of the shipowner when carrying goods.
14.15 – 14.45 – Networking Coffee
14.45 – 16.00 – Session #4: Insurance Cover
Insurance cover for the carriage of goods is generally provided by cargo insurers, whilst the risks of the shipowner are generally covered by P&I insurance. This session examines P&I cargo cover for shipowners and charterers, what is generally covered and what is specifically excluded.
This session includes an interactive case study which again uses North’s three golden rules to identify and explain how P&I cover is affected in different situations.
16.00 – 17.00 – Session #5: Letters of indemnity and Bills of Lading in Practice
In many trades, commercial practice can be at odds with the law and international conventions for the carriage of cargo. Letters of indemnity are often offered in exchange for the shipowner agreeing to undertake specific acts to facilitate commercial trade.
This session examines the role of letters of indemnity and includes an interactive case study to explain how P&I cover is affected in different situations.
17.00 – 18.00 – Networking Drinks
Tony Baker, Consultant, North P&I Club
Tony Baker is a master mariner and qualified teacher with a MBA in international business. Tony has worked for North for 20 years and was head of its Loss Prevention Department before becoming a consultant. During his time as publisher of North’s loss prevention books, Tony worked with the author Stephen Mills to produce and publish North’s unique loss prevention guides on Bills of Lading and Letters of Indemnity.
David Richards, Deputy Director (Cargo), North P&I Club
David Richards is a Deputy Director with particular responsibility for cargo claims. He is a solicitor and has an expertise role within North’s P&I department. Before joining North, he was a partner in Ince & Co, having worked for the firm for almost more than 12 years and in 2018 was recommended in the Legal 500 as a specialist in commercial shipping and trade. David is a regular speaker at industry events who has presented on Bills of Lading and other legal topics at conferences organised by Lloyd’s Maritime Academy, the Cambridge Academy of Shipping, the London Maritime Arbitrators Association, the Shipping Professional Network London, London International Shipping Week and the Japan Shipping Exchange. Most recently he has spoken at North’s Early Intervention Event, the 2019 Maritime Salvage & Casualty Response Conference, the 2019 Maritime Accidents & Emergencies Summit, the 2018 Salvage and Wreck Conference and the 2016 CDR Summer Arbitration Symposium.
NH Amsterdam Schiphol Airport hotel
Tel.: +31 20 655 0550
E-mail: [email protected]
Address: Kruisweg 495. Hoofddorp, 2132 NA Amsterdam – The Netherlands