![]() ![]() In addition, it is a legal document representing the agreement between the shipper and the carrier for the transportation of the consignment. read more while the exporters receive their payments. It is a document used to ensure that the importers receive their merchandise Merchandise Merchandising refers to the marketing and sales approach for promoting goods at retail outlets and influencing consumer behavior, thus boosting sales. It bears the shipment details, including the shipper and the consignee’s name and address, freight details, value of goods, and the signatures of the consignor, carrier, and consignee.Ī bill of lading is simply a transit receipt issued by the carrier during the cargo shipment from the sender to the receiver.It serves three essential purposes, i.e., it acts as a transit receipt, a document of title for the shipped goods, and evidence of the contract between the consignor and the shipping line.A bill of lading is a transit document issued by the carrier or the shipping company to the consignor while shipping the goods or the consignment to the consignee.Thus, a BL confirms the shipment of stipulated goods from a seller to a buyer through a shipping agent in accordance with its tariff. ![]() Besides, it also bears the signature of the shipper, receiver, and carrier. It reads the shipment details, including the consignment’s type, weightage, cost, quantity, and delivery address. Source: Bill of Lading ()Ī BL is one of three vital documents used in international trade International Trade International Trade refers to the trading or exchange of goods and or services across international borders. You are free to use this image on your website, templates, etc., Please provide us with an attribution link How to Provide Attribution? Article Link to be Hyperlinked It also serves as proof of ownership of shipped goods. It is issued as evidence that the carrier has received the consignment and undertaken to deliver it to the destination as per agreed terms. Upon demand of a peace officer, the driver shall produce for inspection the duplicate original of the bills of lading for the freight in their possession or any other document respecting the freight that contains the bill of lading number and all the information required to be included in a bill of lading.A bill of lading (BL) refers to a mandatory legal document released by a shipping agency or carrier to the shipper for transporting goods. ![]() No person shall sign a bill of lading if they know the information contained in it is incorrect. Signing the bill of lading also serves as an acceptance of all terms and conditions contained in it.
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