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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.
What is a 17 digit bill of lading number? VICS bill of lading forms use a 17 digit bill of lading number that includes shippers 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.
The Straight BOL is the most commonly used type and consists of all the details required to complete a contract with a freight shipper regarding transport of the items being shipped. The VICS BOL is in a standardized format and is usually required by larger retailers.
In this article, we will delve into the different types of BLs Original BL, Surrendered BL, and Sea-Way Bill to help you gain a comprehensive understanding of their characteristics and how they impact international trade transactions.
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.
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There are three original bills of lading because they are required by the carrier, the shipper, and the consignee.
The bill of lading must include the name and address of the shipper, the name and address of the consignee, a description of the goods being shipped, the quantity of the goods, the method of transportation, and the date of shipment.

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