What is a Bill of Lading?
A bill of lading is simply a contract between you, the carrier, and the owner of the goods stating the nature of goods you're transporting, where the shipment is coming from, and its intended destination. It also serves as a formal receipt given by the carrier immediately your shipment is picked up.
In other cases, a bill of lading can be used as a document of title. In this capacity, it allows the individual holding it to claim possession of your shipment.
Why is the Bill of Lading Important?
Normally, the carrier does not need all the originals to be submitted before delivery. It is therefore important that the exporter maintains control over the entire set of the originals until a bill of exchange or payment is effected to him.
A bill of lading is a very critical matter when making shipments to move the freight or cargo from one point to another. On one hand, it is a contract between a shipper and carrier for the shipment of goods and on the other hand, it serves as a receipt issued by a carrier to the shipper.
The bill of lading is essentially a legal document that provides all the important details to the carrier and the shipper to conveniently process the cargo shipment through different maritime countries and invoice it appropriately. A copy of the bill of lading is ascribed to the packaged freight, and the original given to the carrier.
Purpose of Bill of Lading:
The bill of lading is meant to serve as a transport document enacting the evidence of the contract of shipment of the goods. A typical bill of lading has the following properties:
Heavy Equipment Transport uses all types of trailers. We provide the best trailer trucking solutions to fit your needs. Find out more below!
RGN trailers are removable gooseneck trailers. These are a type of flat deck trailer, where the gooseneck at the front can be removed, creating a ramp. Find out more about our RGN trailer trucking solutions now!
Also known as drop decks or lowboys, step deck trailers have multiple levels. It steps down in spots, allowing freight to be lower to the ground. Find out more about our step deck trailer trucking solutions now!
Flatbed trailers are one of the most common types on the road. They work for a wide variety of heavy equipment transport. Find out how we can provide flatbed trailer trucking solutions to fit your needs!
- Freight Agency
- Freight Agents
- Freight Bill Audit
- Freight Broker
- Freight Carrier
- Freight Center
- Freight Class
- Freight Companies
- Freight Consolidation
- Freight Cost
- Freight Forwarder
- Freight Forwarding
- Freight Lines
- Limited Access Pick-up and Delivery
- Overweight Load
- Team Driver Trucking
- Trucking Business
- CLICK HERE FOR FULL GLOSSARY