Bill of Lading

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Related to bills of lading: Commercial invoice, bills of exchange

bill of lading

(in foreign trade) a document containing full particulars of goods shipped or for shipment

Bill of Lading

 

a document containing conditions of a maritime shipping contract. It is used mostly in foreign trade.

The bill of lading is issued by the shipper to the sender after the cargo is received for shipping; it serves as a proof of receipt of the cargo and confirms that the contract has been concluded. The bill of lading is a document of title to goods and gives its holder the right to dispose of the cargo.

The types of bills of lading include the straight bill of lading, in which a certain consignee is mentioned and the transfer is accomplished by an endorsement or in another manner as established by the rules for the transfer of an active debt; the order bill of lading (issued to the shipper’s or consignee’s order), in which case the transfer is also accomplished by an endorsement; and the bill of lading made out to bearer (if transferred by actual delivery to the new holder of the bill of lading).

In the USSR, the procedure for drawing up the bill of lading and its essential elements are established by the Maritime Code of the USSR.


Bill of Lading

 

(1) Commodity bill of lading—an original bookkeeping document for the registration of shipping and receiving of valuable commodities. The bill of lading contains the name of the issuing agency; the registry number and date; the names of sender and recipient; quantity, grade, and price information; shipping authorization; and receipt forms specifying the individuals actually responsible for shipping and receiving.

(2) Transportation bill of lading—in the USSR, a basic transport document (nakladnaia) that accompanies freight shipped by rail, inland waterway, air, or motor vehicle. The bill of lading is used to register and verify the shipping agreement and is presented by the freight dispatcher to the transporter along with the freight. In accordance with the law, it is drawn up in the name of a specific recipient and is signed by the dispatcher. The bill of lading accompanies the freight throughout transit and is surrendered to the recipient at the destination with the freight. The bill of lading must be submitted with any claim or suit regarding shortage of goods or any spoilage or damage resulting from transport.

References in periodicals archive ?
The extra reliability and speed of down-loading Bills of Lading from our website is a welcome service upgrade for our customers.
285) The court then found that because the bills of lading disclosed the contents of the containers, the two containers were not packages under COGSA's section 1304(5).
When viewing the e-mail feature for bills of lading that have already been sent, a list of previous recipients is generated automatically.
Since it was launched last May, CargoSmart's Bill of Lading Document Manager has been a success with customers who have printed over 6,000 unique bills of lading and improved their documentation turnaround time.
Ameri Van was cited for failing to charge its applicable tariff rate, failing to provide the required consumer information "Your Rights and Responsibilities When You Move" and summary of its dispute settlement program, failing to prepare estimates in writing and retain copies as addendums to the bill of lading, failing to prepare binding estimates in the prescribed form and manner, failing to relinquish possession of shipments upon payment of the original non-binding estimated price plus 10 percent, failing to prepare orders for service, and failing to prepare bills of lading in the prescribed form and manner.
By logging onto "My Account," customers can access the updated Bill of Lading generator to instantly print Bills of Lading or shipping labels - and email them directly to interested parties.
The new enhancement will allow customers to set up templates for bills of lading that are used for repetitive shipments.
Using a robust data and document translation capability, NextPath allows users to send and receive all kinds of business documents, from bills of lading to purchase orders.
Tracking and managing bills of lading have been among the most time-intensive responsibilities for NYK Line -- which, serving nearly 300 seaports on six continents, operates the world's largest cargo fleet -- and its thousands of customers.
The innovative program is in response to requirements for the electronic transmission of bills of lading defined by Federated Logistics and Operations, which handles electronic commerce and logistics initiatives for all of Federated's stores.
The shipping lines then transmit their cargo manifests - which are made up from information gleaned from customers' bills of lading -- electronically into US Customs and Border Protection's Automated Manifest System.