What is Master Bill? What is the importance of Master Bill?

x Are you working in the import-export sector and need to know what a Master Bill of lading is?
x Do you want to know the importance of Master Bill of Lading in shipping?
x You need to send goods by sea so you want to find a reputable and professional Forwarder?

First of all, you need to understand that Master Bill of Lading (MBL) is a transport document issued by the carrier (Carrier) when receiving goods from the Shipper (Shipper). To help you have an accurate view and supplement basic knowledge about Master Bill Primary Bill of Lading, Proship.vn will update content related to MBL, pointing out the importance of Master Bill in sea transport. In addition, if you are interested in Chinh Ngach retail import-export service to cheap countries, you should consider choosing us.

Shipping contact hotline: 

Ms Tien: 0909 986 247
Ms Dung: 0939 999 247
Ms Duy: 0902 581 247

What is Master Bill of Lading?

It can be said that the bill of lading is the most important document in the set of cargo documents because of its main functions. There are many types of bills of lading classified based on different criteria, but in terms of issuers, there will be two types: Primary Bill of Lading, also known as Master B/L (MBL) and Secondary Bill of Lading, also known as Master B/L (MBL). called House B/L (HBL). So, what is Master Bill?

Master Bill of Lading (Master B/L - Master Bill of Lading) is a type of master bill of lading issued by the owner of the means of transport (such as a shipping line or airline) to the person named on the bill as the owner. Shipper. The form of identification of the Master Bill of Lading (Master B/L - Master Bill of Lading) is on the bill of lading with shipping company information such as Logo, Company name, phone number, shipping company office... And a bill of lading issued by the Forwarder or The NVOCC issued is called the House Bill of Lading. To issue the Master B/L, we send instructions about the goods information to be loaded on the ship and the number of copies needed to be issued to the shipping company. These are necessary information flows for shipping lines to prepare and issue MBLs.

Before issuing the MBL, shipping lines require a number of documents containing shipment information. The main documents are S/I (Shipping Instruction) and B/L Instruction (Dock Receipt). Dock Receipt is a receipt issued for goods received or delivered at a wharf or dock. When delivery of a foreign shipment is made, a terminal receipt is issued when the bill of lading is returned to the carrier.

The necessary information for a B/L is transmitted to the shipping line in the following order: S/I => B/L Instruction => Master B/L. First, the main source of information needed to create the Master B/L is the S/I, then the information in the S/I is expressed in the B/L Instruction. Finally, the Master B/L is created based on the information of the B/L Instruction. On the bill of lading, the parties named on the Master Bill include:

Exporting country forwarder => Shipping company => Importing country forwarder.

How important is the Master Bill?

Once you know exactly what a Master Bill is, it is really necessary to learn more about the reason it arises, the basic content as well as the importance of the Master Bill of Lading in sea transport. Proship invites you to update the information below:

LATEST UPDATE PICTURES OF CONTAINER PROSHIP LOGISTICS TRACTOR

Reasons for arising Master Bill when transporting goods by sea

When performing international transportation via sea, buyers and sellers can usually use 2 ways to make a booking for exported goods. That is:

• Booking directly with the shipping company: This means you will directly contact the ship booking and pay all fees to the shipping company such as Local Charge, freight, etc.
• Booking via Forwarder (Forwarding company): That means you only need to pay the fees to the Forwarder, and they will book the ship and return the fee you paid to the shipping company. However, the Forwarder will retain an amount of money considered profit when they act as a booking intermediary for you.

It can be seen that the shipper or the Forwarder can make a booking with the shipping company. Therefore, on the bill of lading issued by the carrier, two situations can occur with the person named in the Shipper and Consignee boxes:

• Case 1: Shipper is the actual exporter of goods (Real shipper) and Consignee is the actual importer of goods (Real consignee). In this case, the shipping line will issue MBL and no House Bill will arise. The shipment has only one set of Bills issued by the carrier.
• Case 2: Shipper is an intermediary company that makes bookings to help the actual shipper (Forwarder) and Consignee is the Forwarder's agent at the destination port (Forwarding Agent). In this case, the shipment has two sets of bills of lading: House Bill (HBL) and Master Bill (MBL). Specifically, MBL is issued by the shipping line to the Forwarder and HBL is issued by the Forwarder to the actual shipper.

Basic content on Master Bill of Lading (MBL)

• Information of the export shipper, which can be Real Shipper or Forwarder;
• Information of the recipient of the export goods, which can be Real Consignee or Forwarder Agent;
• Name of the transport vessel, departure and destination;
• Information about transported goods such as name, quantity, volume, serial number, date the goods were loaded on the ship, etc.;
• The terms detail the rights and responsibilities between the parties. This will be the legal basis for handling dispute situations;
• The statute of limitations for complaints for MBL is 1 year;
• Payment terms;
• On the MBL there will be the shipping company logo, shipping company name, phone number, and office of the shipping company;
• MBL references a number of popular international conventions such as the Hague Rules, Hague Visby Rules or Hamburge Rules.

Shipping contact hotline: 

Ms Tien: 0909 986 247
Ms Dung: 0939 999 247
Ms Duy: 0902 581 247

Distinguish the difference between House Bill and Master Bill

House Bill and Master Bill are both popular ocean bills of lading today, so many people get confused. However, in reality these are two completely different types of bills of lading and of course they are not interchangeable. House Bill, abbreviated as HBL or HB/L, is a secondary bill of lading issued by the Forwarder Company to the Shipper (shipper) and Consignee (consignee) in cases where the Shipper does not request the original Bill from the shipping company. . How to recognize House bill is very easy. Accordingly, the bill of lading will have the logo, Company name, phone number, and office of the Forwarder Company. Below are some differences between House bill and Master Bill that Proship wants to share with readers:

* For example: Shipper A (Shipper) sends goods to consignee B (Consignee), but the shipper books a ship through an intermediary, Forwarder Company C, to transport it to Incheon port (Korea) by OOCL shipping company. Forwarder C company has Forwarding Agent D at Incheon port. Specifically:

Making Master Bill: The actual exporter (Real Shipper A) will negotiate with Forwarder Company C to book a ship to Incheon and request to get the original Bill issued by the shipping company. The Bill clearly states that the sender (Shipper) is A and the consignee (Consignee) is B (the actual consignee). When the goods arrive in Incheon, shipping company OOCL will send a notification of goods to the D/O for recipient B to receive the goods. So it can be seen that on the bill of lading, Forwarder C Company does not appear and they only book the ship on behalf of Shipper A.

Making House Bill: Shipper A agrees with Forwarder Company B to book a ship to Incheon and B books a ship through OOCL shipping line. When booking a ship, OOCL will issue Forwarder Company B an original Bill (MBL) stating the name of the sender (Shipper) as B and the recipient as Forwarding Agent D at the destination port. Next, Forwarder Company B will issue the original House Bill (HBL) according to their form and write on the bill of lading Shipper as person A, Consignee as person B. When the goods arrive, Forwarding Agent D will notify Recipient B comes to receive the goods.

=> So it can be seen that MBL is issued by OOCL shipping company and House Bill is issued by Forwarder C Company.

>>See more: What are Local Charges?

Is PROSHIP.VN a Forwarder providing the best Chinh Ngach retail import and export services?

In international goods sales transactions, international transportation is an indispensable and extremely important factor. If you choose the right shipping method, logistics companies will save costs, maximize profits and minimize risks during the delivery process. Proship Joint Stock Company is confident that it is one of the reputable, safe, and quality addresses that you have complete confidence in choosing to send retail goods, combined goods, and full container goods here. We clearly understand what Master Bill is and related bills of lading and documents. We provide official retail import and export services from Vietnamese ports to ports in Asia, Australia, Europe, and the United States (and vice versa).

Best of all, we can always book ships even during peak seasons, bringing satisfaction to customers. How to implement the Service of LCL, LCL Cargo Consolidation/Bulk Cargo Consolidation/Consol Cargo Consolidation Service from Vietnam to other countries (and vice versa) that Proship has been transporting goods when the shipper does not have enough goods to pack an entire container that needs to be combined with a number of lots from other shippers. At that time, we will combine many LCL shipments, arrange, classify and pack them into containers, then arrange transportation from loading port to destination port.

Benefits of choosing LCL shipping service

• Save storage costs: Leaving goods in the warehouse and waiting until a full container is collected will incur storage costs. Using the LCL LCL shipping service to transport goods immediately will help shippers save on storage costs;
• Save on shipping costs: Shippers only need to pay freight for the space they use;
• Save time: Thanks to the LCL shipping service, shippers do not need to wait until there is a sufficient quantity of goods to fill the container before shipping. Shippers can use the LCL sea freight consolidation service to combine with other shippers to quickly fill a container.

Services provided here

• Providing freight from ports of Ho Chi Minh City, Da Nang, Quy Nhon,... to ports of Japan, Germany, Australia, America,... (CY-CY);
• FCL/LCL shipping service;
• Providing Door to Door, CY – Door, Door to CY, Ex-work, DDU, DD,... services;
• Providing road transportation services;
• Providing customs declaration services;
• Providing fumigation services;
• Providing services for making certificates of origin;
• Providing services of making plant quarantine papers,...

Shipping companies have been and will be strategic partners of Proship

APL, BENLINE, MA-CGM, CNC, COSCO, HIPPING, ECU LINE, EVERGREEN, EMADEPT, GRAND, HANJIN, HAPAG-LLOYD, HEUNG-A, HUBLIN, HYUNDA, NDOTRA, K-LINE, KMG, KMTC, AERSK LIN, MCC, MELL, MOL, MSC, AMSUNG, NORTH, FREIRHT, NYK, OOCL, ORIENTAL, ORIMAS, PIL, RCL, SINOKOR, INOTRANS, SITC, TS LINE, VOSA, VVMV, WANHAI, NG MIN, ZIM,... are the companies Prestigious ships with international reputation we have been and will try to connect to further improve our services now and in the future.

With the LCL retail import and export service from Vietnam to other countries, Proship will take care of it

• For goods exported from Ho Chi Minh City - USA, Germany, Australia, Japan,...: We deliver door to door - Pick up at the factory in Vietnam and deliver directly to the recipient and vice versa, including all sea freight costs...
• For goods imported from ports of other countries - Ho Chi Minh City (Cat Lai): We will arrange to contact the shipper to check goods information on the expected delivery date to arrange a suitable shipping schedule, and book the earliest ship. Transported to Vietnam and delivered to customers.

* SPECIALLY, we rent a CFS warehouse at Cat Lai Port that is managed by a 24/24 surveillance camera system to ensure the highest safety for goods. During its operations in the maritime and shipping industry, the Company has gradually proven its transportation capacity and reputation in the market (including FCL or LCL shipments).

Proship has collected the necessary information to help you know what Master Bill is , the importance of Master Bill of Lading as well as the basic difference between House Bill and Master Bill,... Are you interested in knowledge about shipping? MBL primary application should save this sharing article, I am sure it will partly support the import and export of sea goods of many Individuals/Businesses. When you need to combine goods with many retail customers to save costs, time and effort, contact us immediately at 0909 344 247 . Sales staff specializing in each business segment of Transport Services - Domestic/International freight forwarding will advise and quote prices to you.

Shipping contact hotline: 

Ms Tien: 0909 986 247
Ms Dung: 0939 999 247
Ms Duy: 0902 581 247