Bill of lading is a transport document covering the carriage of goods by sea.
On today’s post I explain the main differences between the consignee and notify party fields of bills of lading.
Differences Between Consignee and Notify Party
Delivery of Goods:
Carriers hand over goods to the entity stated on the consignee field. Notify party can not claim goods from the carrier under sea shipments.
Optional versus Mandatory Field:
Notify party can also be used as an optional field and need not to be completed. On the other hand consignee field is mandatory and needs to be completed in all occasions.
Title of Goods:
Consignee field determines how title of goods will be delivered from the shipper to the consignee. Notify party has no connection with the title of goods.
- Consignee field determines if the bill of lading issued in straight, negotiable or bearer format.
Single versus Multiple Entries:
It is possible to enter multiple company names under the notify party field. On the other hand consignee field always completed with single entities.
- Notify Party of a Bill of Lading
- Consignee of a Bill of Lading
- How to Complete a Bill of Lading under a Letter of Credit Payment?
- Parties on a Bill of Lading: Shipper, Consignee, Notify Party and Carrier
- To Order and Blank Endorsed Bill of Lading
- What are the Differences Between a Bill of Lading and a Charter Party Bill of Lading?
- Freight Forwarder’s Bill of Lading Not Acceptable