A bill of lading is a legal document issued by a carrier or shipper to acknowledge receipt of goods for transportation and to serve as evidence of the contract of carriage between the shipper, carrier, and recipient.
Bills of lading are commonly used in international and domestic shipments by various modes of transport, including sea, air, rail, and road. They play a crucial role in facilitating the movement of goods, documenting the terms of transportation, and providing security for both shippers and carriers.
A bill of lading is a legal document issued by a carrier to a shipper, acknowledging the receipt of goods for shipment. It serves as a contract between the carrier and the shipper, outlining the terms and conditions of the transportation of the goods. The bill of lading includes details such as the description of the goods, the quantity, the destination, and the consignee. It also acts as a receipt for the goods and can be used as evidence of ownership or title to the goods. Additionally, the bill of lading can be transferred or assigned to third parties, allowing for the transfer of rights and obligations related to the shipment.
n. a receipt obtained by the shipper of goods from the carrier (trucking company, railroad, ship or air freighter) for shipment to a particular buyer. It is a contract protecting the shipper by guaranteeing payment and satisfies the carrier that the recipient has proof of the right to the goods. The bill of lading is then sent to the buyer by the shipper upon payment for the goods, and is thus proof that the recipient is entitled to the goods when received. Thus, if there is no bill of lading, there is no delivery.
A bill of lading is a legal document issued by a carrier to a shipper, acknowledging the receipt of goods for shipment. It serves as a contract between the carrier and the shipper, outlining the terms and conditions of the transportation of the goods. The bill of lading includes details such as the description of the goods, the quantity, the destination, and the consignee. It also acts as a receipt for the goods and can be used as evidence of ownership or title to the goods. Additionally, the bill of lading can be transferred or assigned to third parties, allowing for the transfer of rights and obligations related to the shipment.
A bill of lading is a legal document issued by a carrier or its agent to the shipper as a receipt for the goods being shipped and as evidence of the contract of carriage.
A bill of lading typically includes details such as the names and addresses of the shipper and consignee, a description of the goods being shipped, the quantity, weight, and dimensions of the goods, the shipping route, and the terms and conditions of the carriage.
Yes, a bill of lading can be negotiable, meaning it can be transferred to a third party, usually through endorsement and delivery, and can be used as a document of title to the goods.
There are several types of bill of lading, including straight bill of lading, order bill of lading, and sea waybill. Each type serves different purposes and has different legal implications.
A bill of lading serves as a receipt for the goods, evidence of the contract of carriage, and a document of title to the goods. It is also used for customs clearance and as a proof of delivery.
Yes, a bill of lading can be transferred to a third party through endorsement and delivery, making it a negotiable document that can be used to transfer ownership of the goods.
If a bill of lading is lost or damaged, the shipper or consignee may need to obtain a duplicate or replacement bill of lading from the carrier or its agent.
A bill of lading is a legally binding document that sets out the terms and conditions of the carriage of goods, and it can be used as evidence in legal disputes related to the shipment of goods.
Yes, a bill of lading can be used as collateral for a loan, as it represents the goods being shipped and can be used as security for the repayment of the loan.
If there is a discrepancy in the information on the bill of lading, the shipper or consignee should contact the carrier or its agent to resolve the issue and ensure that the correct information is reflected on the document.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 30th April 2024.
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