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How to Protect Bill Of Lading

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In this episode of the Shipmate YouTube channel, the focus is on bills of lading (BOL) and their significance in freight transport. A bill of lading is a crucial document that serves as the title of goods during ownership transfers between freight carriers like trucks or containers. Its use is not only recommended but often required by freight companies. The document must clearly indicate the origins and destinations of the goods, as well as other essential legal details. The tutorial aims to outline the key elements to include on a bill of lading, emphasizing its importance in the shipping process.

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Who owns the bill of lading?

A bill of lading is a contract between you, the owner of the goods, and the carrier stating what goods youre shipping, where the shipment is coming from and where its headed. It also serves as a receipt issued by the carrier once your shipment is picked up.

What is a bill of lading Canada?

Bill of lading definition It is an agreement between the shipping customer, or a third party, and the carrier. A bill of lading (BoL) is a legal document that describes whats being shipped between a shipper and a logistics company, how much of it there is and where its going.

What happens to original bill of lading?

Ocean Bill Of Lading Original Bill of Lading is couriered to the consignee to present to the reciprocating carrier at the destination to obtain release.

Who holds the bill of lading?

A bill of lading is a legal document issued by a carrier to a shipper that details the type, quantity, and destination of the goods being carried. This document must accompany the shipped goods and must be signed by an authorized representative from the carrier, shipper, and receiver.

Who must receive copy of bill of lading?

Bills of Lading must be with the goods on every part of the journey and must be signed by authorized parties from the shipper and carrier. At the moment of collection the carrier will be given the Bill Lading and when the goods are delivered it will be handed to the final destination consignee.

What is the purpose of a bill of lading?

Original Bill of Lading: The Bill of Lading is the primary document used in sea transport. It functions as a contract of carriage, transport goods receipt and a document of title affording ownership.

How long must a carrier keep a bill of lading?

An operator of heavy vehicles shall keep a copy of the bills of lading and short forms of the bill of lading respecting the shipping contracts to which he was a party for 2 years.

How long should shipping documents be retained?

Who must keep records of the shipping document? The consignor (shipper), carrier and Canadian importer must all keep copies of shipping documents for at least two years. Please note that for the purpose of this requirement, the shipping documents may also be kept as electronic copies.

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