“Shipped On Board (SOB)” is a term used in shipping and logistics to indicate that the goods mentioned in a bill of lading (B/L) are physically loaded and present on-board the vessel for transportation. It is a definitive statement that provides the highest level of assurance to shippers and other parties involved in the shipment. When a B/L is marked as “Shipped On Board,” it confirms that the goods have been properly loaded onto the designated vessel and are in transit. This type of receipt is highly preferred by shippers as it eliminates any ambiguity or doubt regarding the status and location of the cargo. The “Shipped On Board” notation serves as conclusive evidence of shipment and is crucial for various trade and financial transactions, including insurance claims, customs clearance, and payment settlements.

Read More:

Data-Driven Risk Management: Unlocking Insights for Effective Decision-Making