The Ad Valorem Bill of Lading is a specialized type of transport document used in maritime shipping when there is a need to explicitly declare the value of the cargo being transported. This document is particularly relevant under Danish jurisdiction, where it must comply with the Danish Merchant Shipping Act and international conventions. It differs from a standard bill of lading as it includes the declared value of goods, which affects the carrier's liability limits and often results in higher freight charges. This type of document is typically used for high-value shipments, when required by letters of credit, or when specific insurance arrangements necessitate value declaration. The document serves three crucial functions: as a receipt for goods shipped, evidence of the contract of carriage, and a transferable document of title. Under Danish law, these documents are commonly used in international trade and banking transactions where precise value declaration is necessary for legal or commercial reasons.
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Key Requirements PROMPT example:
Ad Valorem Bill Of Lading
Need an Ad Valorem Bill of Lading for shipping high-value electronics ($2.5M) from Copenhagen to Singapore in March 2025, requiring full insurance coverage and electronic documentation compatibility for letter of credit purposes.
1. Carrier Information: Details of the carrier company, including registered name, address, and vessel information
2. Shipper Information: Complete details of the shipper/exporter including name, address, and contact information
3. Consignee Information: Details of the consignee or 'to order' designation, including name, address, and contact information
4. Notify Party: Details of the party to be notified upon arrival of the goods
5. Cargo Details: Specific description of goods, including quantity, weight, measurement, marks, and numbers
6. Declared Value: The value of goods as declared by the shipper, forming the basis for carrier's liability and freight charges
7. Freight and Charges: Details of freight calculation, charges, and whether freight is prepaid or collect
8. Voyage Details: Port of loading, port of discharge, vessel name, voyage number, and routing information
9. Terms and Conditions: Standard terms governing the carriage, including liability limits and jurisdiction clauses
1. On-Deck Stowage Declaration: Required when goods are or may be carried on deck
2. Dangerous Goods Declaration: Required when shipping hazardous materials, including IMO class and UN number
3. Temperature Control Requirements: Required for refrigerated cargo specifying temperature settings and requirements
4. Clean Bill of Lading Statement: Optional explicit statement when no reservations about the condition of goods exist
5. Letter of Credit Reference: When shipment is under L/C, reference numbers and specific requirements
1. Container List: Detailed list of containers including numbers, seal numbers, and contents (if containerized cargo)
2. Cargo Manifest: Detailed breakdown of cargo items, especially for consolidated shipments
3. Special Instructions: Any special handling instructions, delivery requirements, or customs requirements
4. Rate Schedule: Breakdown of freight rates and additional charges calculation
Authors
Relevant legal definitions
Clauses
Relevant Industries
Maritime Transport
International Trade
Logistics
Banking and Finance
Insurance
Manufacturing
Retail
Agriculture
Mining
Oil and Gas
Chemical Industry
Automotive
Electronics
Relevant Teams
Logistics
Supply Chain
International Trade
Documentation
Legal
Compliance
Finance
Operations
Commercial
Customer Service
Risk Management
Procurement
Relevant Roles
Logistics Manager
Shipping Manager
Trade Finance Manager
Export Manager
Import Manager
Supply Chain Director
Customs Compliance Officer
Maritime Operations Manager
Documentation Specialist
Trade Documentation Officer
Freight Forwarding Manager
Global Trade Compliance Manager
Port Operations Manager
Shipping Line Representative
Commercial Manager
Legal Counsel
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