answersLogoWhite

0

How bill of lading works?

User Avatar

Wiki User

โˆ™ 2012-10-09 04:53:15

Best Answer

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

User Avatar

Wiki User

โˆ™ 2012-10-09 04:53:15
This answer is:
User Avatar
Study guides

What is inbound logistics

What is supply chain management

What is supply chain engineering

What is a balanced scorecard

โžก๏ธ
See all cards
1.0
โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…
2 Reviews

Add your answer:

Earn +20 pts
Q: How bill of lading works?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is terminal bill of lading?

terminal bill of lading


Difference between bill of lading and house bill of lading?

The difference between a Master Bill of Lading and a House Bill of Lading is the Master is used to consolidate multiple House Bills of Lading.


What is the difference between master bill of lading and house bill of lading?

Master Bill of Lading: Issued from Carrier. House Bill of Lading: Issued from Freight Forwarder.


What is the diference between Master bill of lading and house bill of lading?

Master Bill of Lading: Issued from Carrier. House Bill of Lading: Issued from Freight Forwarder.


Bill of lading date?

Bill of lading date is Transportation industry terminology for the date the Bill of Lading is created.


What is RFS - release for shipment bill of lading?

A request for release for shipment bill of lading is a request to obtain the bill of lading (B/L). A Bill of Lading is a receipt for something that was accepted.


What is draft bill of lading?

whta is Abbreviation draft bill of lading؟


What are the functions of bill of lading?

There are three functions of the Bill of lading:1. The Bill of lading is evidence that the transporter has received the goods.2. The Bill of lading is a device that confirms the maritime transportation contract of goods.3. The Bill of lading is a title deed to the loaded goods.


Can a bills of exchange be without Bill of lading?

yes it can be without bill of lading


What is difference between clean and forge Bill of lading --- a clean bill of lading is one that has no clauses detailing problems with the goods covered by the bill of lading.?

me


How many types of bill of lading?

Negotiable Bill of LadingNon Negotiable Bill of LadingMaster Bill of LadingHouse bill of Lading


How do you surrender a bill of lading?

Physically giving the original bill of lading to the master of the carrier.

People also asked