Indeed, only CFR and CIF require the seller to provide the buyer with an on board bill of lading. If the buyer
(or his bank that is financing the operation) only wants to accept an onboard bill of lading as the
delivery/payment document tendered by the seller, he should contract under these terms. This type of delivery
document is required if the buyer wants to resell the goods afloat, which is done by endorsing the bill of lading97.
This will mostly occur in the trade of bulk goods or commodities