Bill Of Lading Add Value Choice For Free

Bill of lading FieldsCity/State/ZIPThe city, state, and zip code of the shipper.SID#The shipment ID number applied by the shipper to this shipment.FOBIndicates the FOB freight term used for the shipment.Bill of Lading NumberThe bill of lading number created by the shipper to identify the shipment.2 more rows

A bill of lading is a contract issued by a transport company to a shipper that spells out the quantity, type, and destination of the goods being shipped. It serves as a receipt of the shipment and can help prevent the theft of goods being transported.

By the provision/option of declaring a value on the bill of lading, the shipper is given an opportunity to request that the carrier be liable for a greater amount, up to the declared value and not for a statutory amount based on the cargo's weight.

The bill of lading must include the name and address of the shipper, the name and address of the consignee, a description of the goods being shipped, the quantity of the goods, the method of transportation, and the date of shipment.

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.

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.

Declared Value If the consignor declares a value for the goods on the face of the bill of lading, the amount of any loss or damage, for which the carrier is liable, shall be at, or will not exceed the declared value, or actual loss of the part of the shipment that is lost or damaged.

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.

A consignee is only a receiver and not the owner of the goods. The ownership is transferred only when the consignee has paid the consignor, in full, for the goods.

Petitioner pointed out that a BoE can be amended either by filing an appeal u/s. 128 or being amended under Sec. 149 of the Act; and he could not have insisted that only an appeal is a proper remedy to amend the BoEs ignoring Sec. 149 of the Act.