A bill of lading is a legally binding contract between a shipper and a shipping company that includes information such as the shipment’s origin and destination, weight, and description of goods. It also covers the responsibilities of both parties and can be used for COD shipments and exports.
A bill of lading is a specific type of contract between a shipper and a shipping company. It includes specific provisions relating to the duties and responsibilities of the freight forwarder. The document also covers the responsibilities of the sender. This is a legally binding contract that includes consideration in the form of a service fee.
The bill of lading is a form that provides some basic information. Indicate the address where the shipment will be collected and its final destination. The bill of lading also includes the number of packages in the shipment, the shipper’s identification number and a description of the goods.
The shipment description that appears on a bill of lading includes any special markings on the container or skid. The weight of the shipment also appears on the document. This figure may be an estimate, as it is subject to correction.
Other information that will appear on a completed bill of lading includes the date the shipper took possession of the goods. The shipping method is also included in the document. In the case of a shipment by water, the goods must be transported to a port by truck or rail. In this situation, the bill of lading will show the name of the carrier responsible for the collection and delivery of the goods at the quay.
Another piece of information contained in a freight bill of lading is the name and address of the consignee. This is the individual or business who is the ultimate recipient of the shipment. The shipping company is responsible for delivering the goods to the consignee at the address indicated on the bill of lading.
A through loading bill is used when the shipment is exported. This document lists the details, including cost, of transporting goods domestically and to their destination in another country. An ocean bill of lading is specifically used in cases where the destination of the shipment is overseas. The person or company exporting the goods and the international shipping company responsible for their transport enter into this contract.
A bill of lading can also be used for COD (COD) shipments. The shipping company will collect payment from the recipient if instructions are contained in this document. A box is ticked and the amount to be collected is shown on the bill of lading.
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