Certain trades rely on special types of charter party bills of lading.

In contrast, the charter party bill of lading did not contain the charter party contract, but incorporated it by reference.

Nevertheless, bankers must face the fact that the charter party bill of lading is used extensively, and that in the commodity trades it is quite common.

For example, the commodity trades which generate a high percentage of charter party bills of lading rely on a 'Master's' bill of lading.

From a bank's standpoint, a serious danger with charter party bills of lading is the possibility of having to pay unexpectedly large freight charges in order to obtain possession of the merchandise.

This agent, who may or may not be affiliated with a freight forwarder, prepares the charter party bill of lading and gives it to the captain for his signature, subject to charter party conditions.

Thus, the Working Party for the revision of the UCP should reconsider the acceptability of charter party bills of lading, including requirements such as the carrier's name when bills are signed by the master.

The format of a charter party bill of lading differs from that of a liner bill of lading in that the latter stipulates the terms of carriage of the goods on the bill of lading itself.