A bailment is created when personal property is delivered (without title) under an agreement that the property be returned to the bailor or otherwise disposed of according to its owner???s directions. Bailments involving tangible items (jewelry, cattle, automobiles, etc.) are more frequent than bailments of intangible personal property (promissory notes, shares of stock, etc.).
A bill of lading is a special kind of bailment. Any commercial transaction may involve a shipment or storage of goods covered by a bill of lading, a warehouse receipt, or a delivery order. These documents of title are subject to Article 7 of the UCC. To be a document of title, a document ???must purport to be issued by or addressed to a bailee and purport to cover goods in the bailee???s possession which are either identified or are fungible portions of an identified mass??? [UCC 7???102(1)(e)].
Alaska Request for Delivery of Goods in Absence of Bill of Lading; Offer of Bond
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How to fill out Request For Delivery Of Goods In Absence Of Bill Of Lading; Offer Of Bond?
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In most cases, every freight shipment requires a bill of lading, it serves as a crucial document that outlines the terms and conditions of the transportation agreement between the shipper and the carrier. It also acts as a receipt for the goods being shipped.
The bill of lading (BOL) is a required document to move a freight shipment. The bill of lading is legally binding and provides the driver and the carrier with all the details needed to process and invoice the freight shipment correctly.
What is in a bill of lading? Typically, a bill of lading will include the names and addresses of the shipper (consignor) and the receiver (consignee), shipment date, quantity, exact weight, value, and freight classification.
A bill of lading (B/L or BOL) is one of the most important shipping documents you'll need to transport any kind of shipment. You won't be able to make a shipment without it. A BOL is issued for all cargo transported by sea.
The bill of lading is typically given to the carrier or driver when it's picked up and is also attached to the freight. Shippers should keep a signed copy of the bill of lading after the carriers receive the shipment for transport. It is considered proof of carrier liability, in case of damage or loss of the freight.
Legal Requirements Of The Bill of Lading Legal or trade name of the consignor. Legal or trade name of the consignee. Origin name and address. Destination name and address.
Every motor carrier subject to § 373.100 shall issue a receipt or bill of lading for property tendered for transportation in interstate or foreign commerce containing the following information: (a) Names of consignor and consignee. (b) Origin and destination points. (c) Number of packages.
Legal Requirements Of The Bill of Lading Legal or trade name of the consignor. Legal or trade name of the consignee. Origin name and address. Destination name and address.
