The Risks when issuing Bills of Lading

NSW District Court decision shows the risks in the issue of Bills of Lading.

A decision of the NSW District Court delivered on 16 October 2017 has created massive levels of concern in the freight forwarding industry as it led to an order for significant damages against a freight forwarding company based on bills of lading (BL) which it had issued but were used for purposes other than originally intended.

As a result the decision has formed an important part of the CBFCA / RCL forums being conducted around the country at the moment. The response of CBFCA members is being collated and will form the basis for a webinar once the forums have been completed.

However, in the meantime, some preliminary commentary, from Andrew Hudson, is warranted on the decision which should be read together with his other comments on the decision in the context of the financing and insurance of the supply chain.

Full Commentary
Financing & Insurance of the Supply Chain