Bill of Lading
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Definition: Bill of lading (BOL) is one of the most important documents in the shipping process.A completed BOL legally shows that the carrier has received the freight as described and is obligated to deliver that freight in good condition to the consignee.
The contract between the carrier and the shipper is already created before issuing the bill of lading when the cargo is loaded on the ship. This is done to safeguard the shipper in case the cargo is damaged before loading it on board the vessel and to help the shipper in the claim process.
An example of a bill of lading is the form that is provided by a moving company to a third-party carrier, which will be delivering store fixtures for them to a retail location.The third-party then hands the bill of lading over to the store as a receipt for the goods, once the delivery has been made.
A Bill of Lading is a receipt for the cargo, which contains all the pertinent information for the shipment.It includes the shipper/consignee information, container numbers, seals, piece counts, weights, and more. Without the Bill of Lading, the cargo cannot be released.
A Bill of Lading is a receipt for the cargo, which contains all the pertinent information for the shipment.It includes the shipper/consignee information, container numbers, seals, piece counts, weights, and more. Without the Bill of Lading, the cargo cannot be released.
The bill of lading (B/L) outlines the journey of your cargo from the origin to the destination. This is issued by a carrier to a shipper to detail the method and path of a shipment, and is used as a contract for the movement of the cargo.
The carrier issues bill of lading by confirming receipt of cargo from shipper/exporter, once after receipt of 'let export' order delivered by shipper's customs house agent. Now, the cargo is under the custody of carrier and he has been permitted to move the cargo to foreign destination.