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How to Share Bill Of Lading

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In this video, the instructor discusses the bill of lading (B/L), its types, and provides samples. The presentation begins with an illustration of how a bill of lading operates in international trade, involving a seller and a buyer who have a sales agreement for goods. The speaker references previous content on payment methods. After the contract is executed, the seller ships the goods through a shipping agent, who issues two document sets: original negotiable and non-negotiable bills of lading. The non-negotiable bill of lading is unsigned, while the original is signed. Samples of both types are shown for clarity.

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What is bill of lading made out to shippers order?

To order means that the bill of lading has been consigned to order of the shipper. The shipper indicated on the bill of lading determines who should collect the goods at the port of discharge by surrendering at least one original copy to the carrier.

What is shippers order bill of lading?

Shippers order: These BoLs are used when cargo is purchased on credit, and are handled through a bank. Shippers order BoLs are negotiable documents and function like a title of goods. A buyer usually needs the original or a copy of the BoL to take possession of cargo at destination.

Why are there 3 copies of bill of lading?

Typically, there are three bills of lading, one for the shipper, one for the consignee, and one for the banker, but there is no limit to the number of bills of lading issued. Addition bills of lading increase the risk of fraud, theft, or the unauthorized release of goods.

What does shipper mean in the bill of lading?

The contractual shipper, being the person who books the transportation with the carrier. A bill of lading is issued to evidence the carriage contract agreed.

What is the shippers responsibility?

It is the shippers responsibility to supply all of the data, permits, packaging, etc. and ensure that everything is in compliance with the rules of the origin and destination port as well.

Can you have multiple shippers with one bill of lading?

In either instance, a shipment is legally recognized per Bill Of Lading. In other words, you could have multiple containers listed on one Bill Of Lading. Although there is more than one container, this would still be legally recognized as one shipment.

What is the purpose of the 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.

What is the difference between bill of lading and delivery order?

A bill of lading serves as a receipt for freight services. The carrier usually provides one upon pick up. In contrast, proof of delivery is proof that a shipment has arrived and is signed by the final recipient or consignee upon delivery receipt.

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