A bill of lading confirms receipt of goods, indicating the ship, destination, and terms of transport. Inland, ocean, through, and air waybills cover different types of transport. Negotiable bills of lading allow ownership and rerouting, while non-negotiable bills are delivered only to the named consignee.
A bill of lading is a type of document used to confirm receipt of a shipment of goods. A transportation company or carrier typically issues this document to a sender. The document, in addition to confirming receipt of the goods, indicates the ship on which the goods were placed, the intended destination and the terms for transporting the shipment to its final destination. It also includes a description of the goods being shipped, their weight, and other shipping details.
Inland, ocean, through and air waybill are the names given to bills of lading. An inland bill of lading is a document that establishes an agreement between a freight forwarder and a transportation company for the transportation of goods by land. Ocean bills of lading specify the terms between exporters and international carriers for shipping goods to overseas locations.
A through loading bill is a contract that covers specific terms agreed upon by a shipper and carrier when more than one type of transportation is used. This document may cover national and international transport of exported goods. Provides details of agreed modes of transportation between specific locations for a given monetary amount.
An air waybill is a bill of lading that sets out the terms of flights for the carriage of goods. Goods can be transported both domestically and internationally. This document also serves as a receipt for the sender, proving the carrier’s acceptance of the sender’s cargo and agreement to carry those cargoes to a specific airport.
In essence, an air waybill is a type of through bill of lading. This is because air waybills can cover both international and domestic freight transport. Conversely, many ocean shipments require both inland and ocean bills of lading. Inland bills of lading are required for inland transportation of cargo, and ocean bills of lading are required for transportation of cargo overseas.
Inland and marine bills of lading could be negotiable or non-negotiable. If the bill of lading is non-negotiable, the carrier is obliged to deliver the delivery only to the consignee named in the document. If the bill of lading is negotiable, the person who owns the bill of lading has the right of ownership of the goods and the right to reroute the shipment. This is sometimes called a bearer bill of lading.
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