Bill of Lading

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Bill of Lading - short version

The bill of lading lists every order and the weight of that product. The bill of lading is the truck drivers authorization to remove the product from the plant, and it will eventually come back as a bill for the trucking service.

Bill of Lading - long version

A bill of lading (BL - sometimes referred to as BOL or B/L) is a document issued by a carrier to a shipper, acknowledging that non specified goods have been received on board as cargo for conveyance to a named place for delivery to the consignee who is usually identified. A through bill of lading involves the use of at least two different modes of transport from road, rail, air, and sea. The term derives from the verb "to lade" which means to load a cargo onto a ship or other form of transportation.

A bill of lading can be used as a traded object. The standard short form bill of lading is evidence of the contract of carriage of goods and it serves a number of purposes:

* It is evidence that a valid contract of carriage, or a chartering contract, exists, and it may incorporate the full terms of the contract between the consignor and the carrier by reference (i.e. the short form simply refers to the main contract as an existing document, whereas the long form of a bill of lading (connaissement int├ęgral) issued by the carrier sets out all the terms of the contract of carriage;

* It is a receipt signed by the carrier confirming whether goods matching the contract description have been received in good condition (a bill will be described as clean if the goods have been received on board in apparent good condition and stowed ready for transport); and

* It is also a document of transfer, being freely transferable but not a negotiable instrument in the legal sense, i.e. it governs all the legal aspects of physical carriage, and, like a cheque or other negotiable instrument, it may be endorsed affecting ownership of the goods actually being carried. This matches everyday experience in that the contract a person might make with a commercial carrier like FedEx for mostly airway parcels, is separate from any contract for the sale of the goods to be carried; however, it binds the carrier to its terms, irrespective of whom the actual holder of the B/L, and owner of the goods, may be at a specific moment.

The BL must contain the following information:

* Name of the shipping company;

* Flag of nationality;

* Shipper's name;

* Order and notify party;

* Description of goods;

* Gross/net/tare weight; and

* Freight rate/measurements and eighteenth of goods/total freight


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