What is Master Bill?
Master Bill A bill of lading issued by the actual carrier to the freight forwarder, covering a consolidated shipment as a whole, distinguishing it from house bills given to individual shippers.
Source: Incoterms 2020 (ICC), FIATA, IATA DGR, WCO
How is “Master Bill” Used in Practice?
The shipping line issued a master bill of lading to the forwarder, consolidating all house bills for the groupage cargo.
Certification Exam Relevance
Who Needs to Know This Term?
- Freight Forwarders
- Supply Chain Managers
- Customs Brokers
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What is Master Bill?
A bill of lading issued by the actual carrier to the freight forwarder, covering a consolidated shipment as a whole, distinguishing it from house bills given to individual shippers.
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