What is the difference between mates receipt and bill of lading ?

12
FOLLOW

Bill of lading is basically a document which contains all details of cargo whereas the use of Mate's receipt is it describes the quality of each package of cargo.
Bill of lading is signed by Master of vessel only but Mate's receipt is signed by vessel's mate or 2nd officer.
For bulk cargo mates receipt is not required as the whole cargo is present in bulk as not in case of containers each and individual cargo container is described in Mates receipt.