bill of Lading Insurance is marine insurance that makes sure that exporters are paid, and importers receive goods.
We will also usually see a policy of insurance and invoice for the goods. It is important to note that a bill of lading is negotiable, but a policy and invoice are assignable. It prevents the seller from performing any unauthorised, wrongful or unlawful release of cargo by supply chain operator or documents handlers to buyers or third parties before the transfer of title.
Note: For more information on the policy, please reach out to us.