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The bill of lading (BOL) works as a receipt of freight services, a contract between a freight carrier and shipper and a document of title. The bill of lading is a legally binding document providing the driver and the carrier all the details needed to process the freight shipment and invoice it correctly.
What is a VICS standard Bol number?
Overview. The VICS standard Bill of Lading (BOL) number is based on UCC global standard identification system. It is a fixed length numeric number and is composed of sixteen digits and a check digit.
What are the types of the bill of lading?
Types of Bill of Lading Clean Bill of Lading. Received for Shipment Bill of Lading. Through Bill of Lading. Claused Bill of Lading. Container Bill of Lading. House Bill of Lading. Master Bill of Lading. Charter Party Bill of Lading.
What is a GS1 bill of lading?
The GS1 US (VICS) BOL is a standardized BOL that a consortium of shippers and carriers developed to meet the express needs of all parties.
Why is a BOL required?
The Bill of Lading is a required document to move a freight shipment. The Bill of Lading (BOL) is one of the most important things you need for your freight shipping because it is the evidence of your contract with your carrier, forwarder, or freight broker.
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People also ask
What is a VICS BOL number?
What is a 17 digit bill of lading number? VICS bill of lading forms use a 17 digit bill of lading number that includes shipper's UCC number and a check digit. Inclusion of the UCC number generates system-wide unique bill of lading number that helps retailer systems track each shipment with a unique handle.
What is a sub house bill of lading?
Sub-house bill of lading: These bills pertain to shipments that require the use of multiple suppliers and require multiple print forms. For every supplier involved in the transaction, there is a unique sub-house bill of lading to indicate the relevant shipment.
What is a VICS bill of lading?
The VICS (Voluntary Interindustry Commerce Standards) Bill Of Lading (BOL) provides inventory-processing information through supply chain to a shipper, carrier, and customer. The VICS BOL is a document issued by the transportation carrier to the shipper, acknowledging that they have received the shipment of goods.
What are the different types of bills of lading and what makes them different?
Mode of transport types Sea Waybill \u2013 non-negotiable variant of the ocean bill of lading. Master Air Waybill \u2013 freight shipments shipped by air. Inland Bill of Lading \u2013 freight shipments shipped over land (rail or road). Multimodal Bill of Lading \u2013 goods are shipped over more than one mode of transport.
What are the two kinds of bill of lading?
There are usually two types of bill of lading, the House Bill of Lading and the Master Bill of Lading. An ocean bill of lading indicates a particular carrier through which the goods have been placed to their final destination and the conditions for transporting the shipment to its final destination.
Glossary of Retail Supply Chain Terms Term Acronym Definition ...
Actual Valuation Actual value of goods required to be shown on the bill of lading by shippers where rate applied is dependent upon that fact.
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