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)].
Washington 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 POD isn't legally binding. It gives customers a piece of mind and improves their satisfaction.
The carrier is not justified in delivering the goods to a cargo unless the bill of lading is produced, even if the carrier knows that he is the owner of the goods. Besides legal reasons, there can be practical reasons for this rule.
A BOL is a receipt that confirms the transportation of a shipment by a carrier, and a POD is a receipt that confirms the delivery of a shipment and accounts for the items that have been transported.
A bill of lading is a document that lists the goods being transported, the destination, the name of the shipper and consignee, and other important information. A bill of lading is used as a receipt of goods, a contract between the shipper and carrier, and a document of title.
The bill of lading acts as a commercial invoice, so when freight arrives in good condition, and the receiver signs for it, the seller can then be paid for the goods. If goods are damaged or stolen during the transport, the bill of lading acts as a receipt of goods to help the shipper or receiver recover the value.
Although both documents serve a similar purpose, there are some important differences between them. A BOL is a more comprehensive document that covers the entire shipment process, from pick-up to delivery. A POD is a more specific document that only confirms that the shipment has been delivered to the recipient.
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 a written receipt that confirms the transportation of goods by a carrier, while a POD is a receipt that the consignee signs after delivery of the cargo.
