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How the bolero system works in general cargo ships employment ?
The Bolero System, the “shop front” of which is the bolero.net website
, is a technological environment, owned by
the world’s logistics and banking communities, in which paper bills of lading and other trade documentation are
replaced by electronic messages sent via the Internet. Bolero is designed for all parties in the trade process:
importers, exporters, freight forwarders, port authorities, inspection agencies, carriers, ship’s agents, customs
agencies and financial institutions.
The Bolero technological environment is supported by a legal framework based on a Bolero Rule Book which
establishes a contractually binding set of rules which all users of the Bolero System are required to sign.
The backbone of the Bolero System is the Core Messaging Platform, which enables users to exchange electronic
trade documents via the Internet. The system is secure, is underpinned by a unique legal structure, and is maintained
by a trusted third party. All messages between users are validated. All messages are acknowledged, and notifications
are provided as requested. Additional messages determine whether the recipient accepts or refuses the stated offer.
Another major feature is the Title Registry application, which allows for the ownership of goods to be exchanged
online.
Website: www.bolero.net
Related other info pages
- What is a bill of lading ?
A bill of lading is a receipt for goods either received (before shipment) or shipped on board.
It provides good evidence of the existence and terms of a contract between the shipper and carrier ...
More .....
- Function of a bill of lading in cargo ships agreement
a bill of lading is only prima facie evidence as to the quantity, weight and condition of goods
shipped, i.e. if a bill is signed for a greater quantity of cargo than is actually shipped, it may be possible, provided
the bill is not endorsed to a third party,...
More .....
- Bill of lading related problems
Problems may arise handling a bill of lading....
More .....
- How the bolero system works ?
Bolero is designed for all parties in the trade process:
importers, exporters, freight forwarders, port authorities, inspection agencies, carriers, ship’s agents, customs
agencies and financial institutions....
More .....
- Delivery conditions in a time charter agreement
Unless the contract contained in the bill of lading, charter party or sea waybill expressly provides otherwise, goods
stated in the contract of carriage as being carried on deck and which are, in fact, stowed on deck will not be
protected by the Hague-Visby Rules. ...
More .....
- Hague-Visby Rules defining cargo ships obligations and liability
Hague-Visby Rules (HVRs) are properly called the Hague Rules as Amended by the Brussels Protocol 1968 and apply to every bill of lading or any similar document of title relating to the carriage of goods between ports...
More .....
- Hamburg Rules
Hamburg Rules are properly called the United Nations Convention on the Carriage of Goods by Sea 1978, were drafted under the auspices of the UN agency UNCITRAL and introduced in 1992 in response to shippers’ complaints that the Hague and Hague-Visby Rules were unfavourably weighted in favour of the carrier....
More .....
- Outline of a mate's receipt
A mate’s receipt is a receipt, issued and signed by the carrying ship’s chief mate (or the ship’s agent on his behalf), for goods
received on board....
More .....
- Sea waybills and related procedure
A sea waybill is a receipt for goods shipped on board.
It bears good evidence of the existence and terms of a contract between the shipper and carrier, but is not a contract
itself....
More .....
- What is standard shipping note
Standard Shipping Note (SSN) is a shipping document widely used in the UK liner trades to accompany a consignment of goods from their place of origin (e.g. a factory) to the place of loading (e.g. an inland container depot) or the port of shipment....
More .....
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