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 ?
8, 2012, the date the L/C expired, that included telexes from MSC, instead of the unsigned bills of lading. These telexes stated that MSC had copies of the original bills of lading in its files and that the carrier authorized the release of the shipments to Genita without receiving copies of the original bills of lading.
(1.) Maritime transportation, under United States law, is governed by a negotiable bill of lading, which is a contract of carriage, and subject to the terms of the Bills of Lading Act, 49 U.S.C.
16th, Crowley has transported loads for customers to Mexico and then via third-party carriers to Cuba on Crowley bills of lading. Details: Mark Miller,Susan Rodgers, Crowley Maritime Corp.Tel:(904)727-2291.
Under the Harter Act, carriers were prohibited from inserting limitation clauses in bills of lading. (5) More specifically, carriers were prohibited from claiming relief from "liability for loss or damage arising from negligence, fault, or failure in proper loading, stowage, custody, care, or proper delivery" of the cargo.
Then the oil goes through the Iranian coastal waters where cargoes get "authentic" bills of lading for $50-60/ton.
Whereas before the biggest problem was pilferage from the back of trucks (or, in rare cases, a hijacking), current schemes include infiltrating trucking companies to create phony invoices or bills of lading and emptying and refilling containers in warehouses.
Bills of lading, purchase orders, health care bills and letters of credit are commonly, transmitted items.
One of the key benefits of EDI is the exchange of information and completion of transactions directly between computers, eliminating the need for processing purchase orders, bills of lading, invoices and other traditional paper documents.
"In truck garages you should be checking bills of lading and the legitimacy of the company making the delivery and accepting it before the truck's inside."
Shippers Export Declaration form and bills of lading, as well as certificates of origin.
The execution of a Bill of Lading creates an extraordinary bailment between the shipper (bailor) and carrier (bailee)(58) and binds the parties to any applicable transportation law which is effective on the day of execution, when the carrier takes possession of goods, is given complete instructions by the shipper, and totally accepts the shipment.(59) Motor common carriers subject to the jurisdiction of the ICC must publish their applicable Bills of Lading with the ICC in accordance with the filed rate doctrine.(60) However, the most popular method of formal constructive notice of Bills of Lading is participation(61) in the National Motor Freight Classification 100 Series.(62) The recital, which is incorporated in the Uniform Domestic Bill of Lading, begins with the following statement: