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)].
District of Columbia 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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FAQ
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 acts as the legal document of title which allows the person holding it to claim ownership of the cargo. This means that filling out your Bill of Lading accurately and completely is very important.
The bill of lading is a legal document that a shipper, carrier, or third-party logistics (3PL) provider (acting on behalf of a shipper) can create. One of these entities must fill out a BOL before the carrier hauls the freight.
Understanding Through Bill of Lading It is required to ship goods and acts as a receipt and contract. It shows that the carrier has received the freight as described?that's the cargo receipt. It also documents the terms of delivery and release of the product.
Importers can refuse a shipment of goods if there is no accompanying clean bill of lading, or if a claused bill of lading comes with the shipment. That's because the entity that receives the goods?the importer?pays the shipper for a certain quantity of goods in a specific condition.
A BOL is required for all freight shipments, regardless of transportation method or piece count, and must contain specific information to be considered legally binding.
