Define: Waybill

Waybill
Waybill
Quick Summary of Waybill

The input describes a waybill, which is a document used to confirm the receipt and transportation agreement of goods by a carrier or shipper’s agent. Unlike a bill of lading, a waybill does not transfer ownership of the goods and cannot be traded. Additionally, there are specific air waybills for goods transported by air.

Full Definition Of Waybill

A waybill is a legal document used to acknowledge the receipt of goods by a carrier or shipper’s agent and to establish the contract for the transportation of those goods. It is utilised in maritime law and differs from a bill of lading in that it is not a negotiable document. For instance, when a company needs to ship a product overseas, they will use a waybill to record the shipment, including details about the product, carrier, and destination. This document also serves as evidence that the carrier received the goods and agreed to transport them to the specified destination. Another example of a waybill is an air waybill, which is specifically used for goods shipped by air. These examples demonstrate how a waybill is employed to document the transportation of goods and the agreement between the shipper and carrier, playing a crucial role in ensuring the safe and efficient transportation of goods.

Waybill FAQ'S

A waybill is a legal document that serves as a receipt of goods being transported by a carrier. It contains details such as the origin and destination of the goods, the names of the shipper and consignee, and the terms and conditions of the transportation.

Yes, a waybill is a legally binding document that establishes a contract between the shipper and the carrier. It outlines the responsibilities and obligations of both parties during the transportation of goods.

Yes, a waybill can be used as proof of delivery. It typically includes a section for the consignee to sign upon receiving the goods, which serves as evidence that the goods were delivered as per the terms of the waybill.

If there is a discrepancy between the waybill and the actual goods delivered, it is important to notify the carrier immediately. The carrier may conduct an investigation to determine the cause of the discrepancy and take appropriate action to rectify the situation.

In general, a waybill cannot be modified or amended after it has been issued. However, if both parties agree to make changes to the terms of the transportation, a new waybill may be issued to reflect the updated agreement.

If a waybill is lost or misplaced, it is advisable to contact the carrier as soon as possible. The carrier may require additional documentation or information to verify the details of the shipment and issue a replacement waybill if necessary.

In most cases, a waybill cannot be transferred to a third party without the consent of the carrier. The carrier may have specific procedures or requirements for transferring the waybill, which should be followed to ensure compliance with the terms of the transportation contract.

Non-compliance with the terms of a waybill may result in various consequences, depending on the specific circumstances and the applicable laws. These consequences may include financial penalties, liability for damages, or termination of the transportation contract.

Yes, a waybill can be used as evidence in a legal dispute related to the transportation of goods. It can help establish the terms of the contract, the responsibilities of the parties involved, and the details of the shipment.

The retention period for a waybill may vary depending on the applicable laws and regulations. It is generally recommended to retain waybills for a reasonable period of time, typically at least one year, to ensure compliance with record-keeping requirements and to have access to relevant information in case of disputes or audits.

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Disclaimer

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: 17th April 2024.

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