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However, unlike the bill of lading which is legally binding, a freight bill isnt a document of service level agreement. The BOL can be used to settle disputes between the shipper and the carrier while the freight bill isnt usually considered as evidence.
What is the meaning of BOL?
The bill of lading (BOL) is a required document to move a freight shipment. The bill of lading is legally binding and provides the driver and the carrier with all the details needed to process and invoice the freight shipment correctly.
What does BOL mean in shipping?
In most cases, the shipper (seller) supplies and pays for the BOL, as it acts as a receipt and title to the goods. But if specific arrangements exist between the parties, such as a free on board (FOB) contract, the buyer may be responsible for obtaining and paying for the BOL.
Who pays for a bill of lading?
Tracking by something other than tracking number is referred to as tracking by reference. A reference number can be any of the following: purchase order (PO) number, customer reference, invoice, Bill of Lading (BOL), or part number. This option applies to FedEx Express, FedEx Ground, and FedEx Ground Economy.
What is a FedEx BOL?
A bill of lading (BOL) is a document issued by a carrier to a shipper confirming the goods were received in an acceptable condition and are ready to be shipped. A BOL is essentially a contract between the shipper, receiver and carrier stating the terms and conditions of the carriage.
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Jun 13, 2022 It is recommended you add the contract number as a reference on the Billing Details section of your online account. See below. HOW TO SCHEDULE
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