Multimodal Bill of Lading and Through Bill of Lading are similar to each other with one major difference. A Multimodal BOL requires the use of more than two modes of transport, while a Through Bill of Lading involves only the use of one transportation mode – ocean
. A Multimodal Bill of Lading is issued by the multimodal transport operator (MTO) which is responsible for the entire period of transport. On the other hand, a Through Bill of Lading is issued by the sea carrier responsible for the sea passage carriage.
A Multimodal Bill of Lading is one of the most commonly used types of Bills of Lading in the business ecosystem. As a single document is created for shipping goods from origin to the final destination, it is easier for all the involved parties – exporter, carrier and importer. As a result, a Multimodal Bill of Lading is a preferred type of Bill of Lading when it is necessary.