Shipowners and their insurance are frequently faced with liabilities, the most costly one being damage to cargo. While it only takes a little mistake to damage cargo, the cost can be massive. If any cargo is damaged on board, it’s crucial that all information surrounding the incident is recorded and documented. An essential function of the Bill of Lading (B/L) is to describe the condition and quantity of the cargo as received on board. Upon discharge, if the cargo is different from what is described or has a smaller quantity than entered on the B/L, the shipowner will be held accountable and be charged for damage or shortfall.