Bill Of Lading Hide Value Choice For Free

Different types of bill of ladings Straight bill of lading: The straight bill of lading is specified to the particular party and the specified party cannot re-assign it to anyone else. ... Order bill of lading. This is the bill of lading that one would mostly come across onboard. ... Bearer bill of lading. ... Switch bill of lading.

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.

Any bill of lading must also disclose any special handling requirements such as hazardous materials. Declared Value. DV is used for liability insurance. It notes the 'declared value' of a shipment.

§ 375.505 Must I write up a bill of lading? (a) Before you receive a shipment of household goods you will transport for an individual shipper, you must prepare and issue a bill of lading. The bill of lading must contain the terms and conditions of the contract.

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 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.

Non-negotiable bill of lading - Straight bill The carrier is obliged to deliver the cargo to the consignee specified in the consignee box on the bill. The shipper can therefore not order the carrier to deliver the cargo to a party other than the party set out in the consignee box.

What is an express bill of lading? An express bill of lading is a type of bill of lading (B/L) in which the carrier is obligated to deliver the goods to the named consignee and no original bills of lading (OBL) are issued at all.

A Negotiable Bill of Lading instructs the carrier to deliver goods to any one person in possession of the original endorsed Negotiable Bill. A non-negotiable Bill of Lading sets one specific consignee, receiver, or buyer to whom the goods must be shipped.

One can transfer the ownership of the shipment to another party by signing the bill. In a negotiable bill of lading, the new consignee is free to transfer the ownership of the commodities to another person. However, some BOLs are non-negotiable. Such a BOL is referred to as a straight bill of lading.