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How bill of lading works?

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Bill of Lading, a written receipt issued by a transportation company to a shipper. It also serves as an agreement, or contract, between the shipper and the transportation company. In this agreement the shipping company is called the carrier; the shipper is called the consignor; and the party to receive the shipment is the consignee. The bill of lading gives the names and addresses of the consignor and consignee, the carrier's charges, and a description of the goods and the kind of packaging used.
When used only as a receipt and contract, it is called a straight bill of lading. When used with a draft to collect payment for the goods from the consignee, it is called a negotiable, or order, bill of lading
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What does bill of lading mean?

  The Bill of Lading is the basic document between a shipper and a carrier. It describes the condition under which the goods are accepted by the carrier and details of the

What is a Switch bill of lading?

"Switch" bills of lading are a second set of bills of lading issued by the carrier (or by the carrier's agent) in substitution for the set issued at the time of shipment. The

Why bill of lading is required?

it is an accurate written document showing the work povided by one source for another. this record provides a customer with written documentation for services that he/she has

Explain what is surrender bill of lading?

  Under a term import documentary credit the bank releases the documents on receipt from the negotiating bank but the importer does not pay the bank until the maturity of

Are named Bill of lading and straight bill of lading the same?

A named Bill of landing is a negotiable Bill, capable of transferring title to the goods covered under it by its delivery or endorsement. Its terms provide that the freight is

What is dirty bill of lading?

A bill of lading containing note of conditions of good.For instance number of brocken goods, socked goods,and torn good before they are accepted by shipping officers

What are the disadvantages of bill of lading?

  it is not negotiable at a bank or any other institution and cannot  be exchanged for money, it is just a receipt of cargo   release is not as secure as an original b