Tuesday, May 4, 2021

What is Mate Receipt


Mate Receipt:

Mate receipt is a receipt issued by the Commanding Officer of the vessel when the goods are loaded onto the ship. It is the first proof that goods are loaded on a ship. Mate's receipt is first issued to Port Trust officials. After paying the full amount at the port, the exporter or agent collects this receipt from the Port Trust Authorities. Mate's receipt is freely transmitted. It must be submitted to the shipping company in order to obtain a loading bill. The upload bill is amended on the basis of the acquisition of a partner.

Mate's acquisition is not a title deed. It's just a receipt for goods. However, it is an important document as without it, the exporter will not be able to obtain a title deed, that is, a loading bill.

Types of Mate receipt (mate's receipt and bill of lading )

(a) Clean Receipt: The shipowner issues a clean receipt, if he or she is satisfied that the goods are properly packaged and there is no error in packing or packing.

(b) Qualified Receipt: A qualified receipt is issued when the Commanding Officer of the vessel is not satisfied with the packaging and the shipping company is not neutral.

Contents of Mate receipt:

(a) The name and logo of the delivery line.

(b) The name and address of the sender.

(c) The name and number of the vessel.

(d) The name of the loading port.

(e) The name of the export port and the place of delivery.

(f) Marks and container number.

(g) Packing and description of container.

(h) Total number of containers and packages.

(I) Description of goods in bulk.

(i) The shape of the vessel and the number of the mark.

(k) Total weight in kg. and volume up to cubic meters.

(I) Sending billing number and date.

(m) Signature and initials of the Chief Executive Officer.

Significance of Mate Receipt:

(a) Receipt of goods received for shipping.

(b) It is a transferable document. It must be transferred to the shipping company in order to get a load credit.

(c) The Loading Bill, which is the title of the property, is amended on the basis of the acquisition of a spouse.

(d) empowers the exporter to cancel port reliance requirements on Port Trust officials.