A straight bill of lading is a legally required document that the parties involved must complete before a shipment can be allowed to deliver its goods. A through bill of lading involves the use of at least two different modes of transport from roa rail, air, and sea. The term derives from the verb to lade which means to load a cargo onto a ship or other form of transportation. A bill of lading can be used as a traded object.
TYPES OF BILLS OF LADING There are several types of bills of lading and these include the following: 1. Hence, a shipper or carrier is important for these transactions so that the goods will be transferred from the sellers store to the buyers premises. However, when the goods are being entrusted by the seller to the carrier, the seller must ensure that the carrier will exercise proper care for the goods to be shipped. This requires the carrier to issue a type of document that contains important information with regard to the shipped goods such as the details for the item, the quantity, information regarding the seller as well as the buyer and other information relevant to the delivery of the goods. This document is called bill of lading, which will be discussed further in the succeeding sections. See full list on examples.
To give you examples and templates of bill of lading , you may refer to the next section of this article. It also serves as a contract of carriage of goods and as a shipment receipt when the carrier delivers the goods at the predetermined destination. It must accompany the goods being shipped no matter what type of transportation is used for the shipment or delivery.
It must be signed by an authorized representative from the carrier, shipper, as well as receiver. It can be issued either in a negotiable or non-negotiable form. It serves as a proof of ownership of the shipment or cargo. For non-negotiable bill of lading, it functions as is, while for those that are issued in a negotiable form, it is commonly used in letter of credit transactions and may be bought, sol trade or used as security or collateral for borrowing money. These are non-negotiable and issued when goods are transported by air.
It is immediately handed over to the consignee or their customs broker for customs clearance and final delivery. They serve as a contract of carriage, a cargo receipt, and a delivery instructions. Fill out blanks electronically utilizing PDF or Word format. Make them reusable by generating templates, add and complete fillable fields.
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. Order bill of lading. Bearer bill of lading.
How do I create Bill of lading? What to look for on your bill of lading? What is a bill of lading and what is its purpose? The various types of bill of lading are given below.
The details articles about each type of Bill of Lading is written in separate article. The readers may go through each article to have a good knowledge about Types of Bill of Lading and its functions. I hope, you will have a sound knowledge about types of Bill of Lading after reading those. The bill of lading is the ‘proof’ of a contract of shipment between the shipper and the carrier and not the.
Title to the Shipment. Direct Bill of Lading In cases where the same vessel has picked up the cargo and the same message will deliver to its final destination a direct Bill of Lading is used. Main Parts of a Bill of Lading. Depending on the type of bill of lading , its content can differ from one to another.
In the case of a vessel transport bill of lading , the name of the ship must be written on the document. A shipping or transport company may also ask you to include other relevant information they deem necessary. Pages: Page(s) Uniform Straight Bill of Lading.
Save blanks on your laptop or mobile device. Simply enter your bill of lading details and print. Or print the blank template as a PDF.