Bill Of Lading Add Comments For Free

The bill of lading (BOL) is a legal document that shippers must complete before a freight shipping process begins. A bill of lading protects both the carrier and the shipper. The document contains complete information on the type, quantity, and destination of the goods.

How To Prepare Your Bill of Lading Correctly and CompletelyEnter the date.Enter bill of lading number if applicable.Affix or print bar code in this area.Enter the Pro number (identifier assigned by YRC Freight) if applicable.Insert reference number(s) you use for internal purposes (optional).More items...

A bill of lading must be transferable, and serves three main functions: it is a conclusive receipt, i.e. an acknowledgement that the goods have been loaded; and. it contains or evidences the terms of the contract of carriage; and. it serves as a document of title to the goods, subject to the nemo dat rule.

When bills of lading are made out, or endorsed, to a named consignee, then only that consignee can take delivery of the shipment.This endorsement is made by the shipper who is named on the B/L.

In summary, a bill of lading is a legal document that serves three vital purposes in the shipping process: as a receipt for shipping, as a title of goods, and as a contract of carriage. The carrier serves the bill of lading when they take control of the goods.

Endorsement of Bill of LadingBlank Endorsement: Stamp of Shipper and Signature.Incase of Actual receiver: Shipper's endorsement stating DELIVER TO THE ORDER OF ABC Client and.ABC company's stamp and sign in case he is taking the final delivery or.More items...?Feb 22, 2019

A bill of lading, therefore, is a very important issue when making shipments to move the cargo or freight from one point to the other. On one hand, it is a contract between a carrier and shipper for the transportation of goods and on the other hand, it serves as a receipt issued by a carrier to the shipper.