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Ad Valorem Bill Of Lading for Singapore

Ad Valorem Bill Of Lading Template for Singapore

An Ad Valorem Bill of Lading is a specialized shipping document used under Singapore law that explicitly states the declared value of the shipped goods. It serves as a receipt, contract of carriage, and document of title, governed by Singapore's Bills of Lading Act and the Hague-Visby Rules. This document provides enhanced protection for high-value cargo and typically attracts higher freight rates due to increased carrier liability.

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Ad Valorem Bill Of Lading

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What is a Ad Valorem Bill Of Lading?

The Ad Valorem Bill of Lading is a crucial document in international maritime trade, particularly for high-value shipments under Singapore jurisdiction. It differs from standard bills of lading by explicitly stating the cargo's declared value, which affects carrier liability and insurance considerations. This document type is essential when shippers require additional protection for valuable cargo and are willing to pay higher freight rates for increased liability coverage. It must comply with Singapore's maritime laws and international conventions, particularly the Hague-Visby Rules.

What sections should be included in a Ad Valorem Bill Of Lading?

1. Bill Details: Document number, date, and port information

2. Shipper Information: Complete details of the shipping party

3. Consignee Information: Details of the receiving party

4. Vessel and Voyage Details: Ship name, voyage number, and routing information

5. Cargo Description: Detailed description of goods, including declared value

6. Terms and Conditions: Standard carrier terms including liability provisions

What sections are optional to include in a Ad Valorem Bill Of Lading?

1. Notify Party: Additional party to be notified, used when different from consignee

2. Special Instructions: Specific handling or delivery instructions for cargo requiring special handling

3. Insurance Declaration: Details of cargo insurance when arranged through carrier

What schedules should be included in a Ad Valorem Bill Of Lading?

1. Cargo Manifest: Detailed list of goods with quantities and values

2. Container List: List of container numbers and seals when applicable

3. Dangerous Goods Declaration: Required documentation for hazardous cargo transport

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Singapore

Publisher

Ƶ

Document Type

Bill of Lading

Cost

Free to use
Relevant legal definitions



































Clauses






























Industries

Bills of Lading Act (Chapter 384): Primary Singapore legislation governing bills of lading, their validity, and legal effect

Carriage of Goods by Sea Act (Chapter 33): Singapore statute regulating maritime cargo transport and incorporating Hague-Visby Rules

Maritime and Port Authority of Singapore Act: Legislation governing maritime operations and port regulations in Singapore

Sale of Goods Act (Chapter 393): Singapore law governing contracts for the sale of goods, relevant for commercial aspects of shipping

Hague-Visby Rules: International convention governing bills of lading in international trade, setting carrier liability limits and defining rights/obligations

Carrier Liability Provisions: Legal requirements regarding carrier's responsibilities and limitations of liability

Value Declaration Requirements: Specific rules for declaring cargo value in ad valorem bills of lading

Time Limits for Claims: Statutory limitations and deadlines for filing claims related to cargo damage or loss

Jurisdiction Clauses: Legal provisions regarding choice of jurisdiction and applicable law

Notice Requirements: Mandatory notification procedures for cargo claims and damages

Singapore Maritime Law: General body of maritime law and precedents in Singapore jurisdiction

ICC Rules: International Chamber of Commerce regulations affecting international trade and shipping

INCOTERMS: International commercial terms defining responsibilities of buyers and sellers in international trade

Singapore Customs Requirements: Customs regulations and documentation requirements for cargo shipping in Singapore

Teams

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