Bill Of Lading Hide Sentence For Free

A bill of lading is a legally binding document between the shipper of the goods and the carrier detailing the type, quantity, and destination of the goods being carried.Bills of lading are official documents and can be admissible in a court of law.

An owner can be under a duty to keep bill of lading information confidential.Bills of lading can also be commercially sensitive documents.

A bill of lading (BL or BoL) is a legal document issued by a carrier to a shipper that details the type, quantity and destination of the goods being carried. A bill of lading also serves as a shipment receipt when the carrier delivers the goods at a predetermined destination.

The bill of lading (BOL) works as a receipt of freight services, a contract between a freight carrier and shipper and a document of title. The bill of lading is a legally binding document providing the driver and the carrier all the details needed to process the freight shipment and invoice it correctly.

A bill of lading, therefore, is a very important issue when making shipments to move the cargo or freight from one point to the other. On one hand, it is a contract between a carrier and shipper for the transportation of goods and on the other hand, it serves as a receipt issued by a carrier to the shipper.

The Shipper's Identity. Port and Date of Loading. Port of Discharge. Condition of the Goods. Quantity and Description of Cargo Loaded. Freight. Conflicting terms. Document set.

Key Takeaways. If an original bill of lading is lost, destroyed, or stolen, a new bill generally cannot be obtained unless the original has been found.A bank guarantee financially protects the transporter for costs and liability of shipping without a bill of lading.