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How to Sign Bill Of Lading

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In this video, the topic of discussion is bills of lading. Key points include the definition and functions of bills of lading, such as serving as a receipt for goods in custody, evidence of a contract of carriage, and functioning as a document of title, which grants the holder rights to the cargo. The shippers are responsible for providing the bill of lading, preferably in a pod format if applicable. The video also covers different types of bills of lading, the differences between bills of lading and via bills, and discusses common issues related to signing bills of lading. Typically, two or more negotiable copies and one or more non-negotiable copies, including the captain's copy, are issued, all of which are stamped as non-negotiable.

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When the bill of lading is signed it signifies?

The bill of lading accompanying a shipment is signed by the carrier when it picks up the shipment. The signature acknowledges that the shipment is on board the carrier, whether its truck, rail, air, or ship.

Who signs the original bill of lading?

The Master should typically sign the bill of lading in the designated signature line, or if one is not provided, at the bottom of the face of the bill of lading.

What does a signed bill of lading mean?

The BOL is a contract of carriage between the shipper and the carrier, representing the agreed terms and conditions for transporting the goods. Once the bill of lading is signed by the receiver, it serves as a receipt for the goods that have been shipped.

What is the function of a bill of lading?

A bill of lading must be transferable, and serves three main functions: it is a conclusive receipt, i.e. an acknowledgement that the goods have been loaded; and. it contains, or evidences, the terms of the contract of carriage; and. it serves as a document of title to the goods, subject to the nemo dat rule.

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