As a very important document of property right in international trade, bill of lading must be properly kept and delivered. Once lost, the customer at the destination port will not be able to pick up the goods. A duplicate BL has to be applied from the shipping company.
We have encountered the lost BL of other shipping companies, such as Maersk, which requires a deposit to apply for issuing a duplicate, as well as a statement in the newspaper. However, the insurance process currently used by MSC to handle lost BL is, in my opinion, simpler than the process of Maersk, and less costly for customers. The specific requirements and procedures for MSC to issue the second bill of lading are following:

1. To apply for commercial insurance from MSC(mediterranean shipping company)

The applicant shall bear the corresponding insurance premium (about 1.5% of the coverage amount or basic rate, and the coverage shall be 200% of the CIF value). The rate calculation shall be subject to the invoice issued by the insurance company.
Calculation method: 1.50% of the coverage amount, but if it is lower than the minimum basic rate of corresponding amount, the basic rate shall be adopted. If Hamburg Rules are implemented, the rate will be doubled. (Note: Hamburg Rules are not used in many places at present, and they are not applicable in most places.)

2. To submit the following documents to the shipowner(mediterranean shipping company):

1) Copy of bill of lading
2) Copy of invoice (CIF value)
3) The shipper shall submit a written statement to prove the loss of the original BL (in English, the format will be provided by the shipowner)
4) Guarantee required by the owner (format to be provided by the shipowner)
The following is the list of cost rates for MSC to reissue the BL:
Coverage: Basic rate:
Less than USD20,000.– USD500.—
Less than USD50,000.– USD1,000.–
Less than USD100,000.– USD1,500.–

For example, if the CIF value of the goods involved in your bill of lading is 50000USD, the insurance premium is calculated as 750usd; however, if the value of the goods exceeds 50000USD, the lowest basic rate, 1500USD, should be adopted.

3 After this fee is paid to the insurance company designated by MSC(mediterranean shipping company), the second bill of lading will be issued.

Here are some notes of attention:
1) The second bill of lading does not accept any alteration and telex.
2) Bill of lading fee: RMB 450 per application
3) AMS / ENS fee: US $40 per application (only applicable to bills of lading requiring AMS / ENS)
4) A statement will be added to the 2nd bill of lading :
This Is Duplicate Set Of Original (2nd) Bill Of Lading All Of This Same Tenor And Date. Only One Of Which To Be Presented The Others To Be Automatically Void. This Because Shipper Claims Original Set Of All (1st) Bills Of Lading Now Allegedly Have Been Lost, Should One Of The Original Set Freight Prepaid/Collect Of Bills Of Lading Be Presented Before This Duplicates To Be Null And Void.