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What is a bill of lading and what is its purpose?

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.

Which is the most important role of bill of lading?

A bill of lading is very important when making shipments to move the cargo or freight from one point or distribution center to the other. On the one hand, it is a contract between a carrier and shipper for the transportation of goods, and on the other hand, it serves as a receipt issued by a carrier to the shipper.

Is a BOL the same as a pod?

A BOL is a receipt that confirms the transportation of a shipment by a carrier, and a POD is a receipt that confirms the delivery of a shipment and accounts for the items that have been transported.

What is bill of lading in simple words?

\u200d According to the Business Dictionary, a Bill of Lading is: \u201cA document issued by a carrier, or its agent, to the shipper as a contract of carriage of goods. It is also a receipt for cargo accepted for transportation, and must be presented for taking delivery at the destination.\u201d

What is a bill of lading and what is its purpose?

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.

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Which is the most important role of bill of lading?

A bill of lading is very important when making shipments to move the cargo or freight from one point or distribution center to the other. On the one hand, it is a contract between a carrier and shipper for the transportation of goods, and on the other hand, it serves as a receipt issued by a carrier to the shipper.

What is the difference between a bill of lading and a freight bill?

The freight invoice is essentially an invoice for fees and shipping charges. On the other hand, the bill of lading is a legal document. The bill of lading and freight invoice can be used in tandem to create a more holistic image of the agreement between a shipping company and shipping provider.

What is a freighted bill of lading?

A freight bill is essentially an invoice and they're different from bills of lading because they wouldn't serve as evidence in a court of law as proof of shipment in the event of a legal dispute. The freight bill includes all of the details about the transaction and is signed by the shipper and the carrier as well.

What is bill of lading in simple words?

\u200d According to the Business Dictionary, a Bill of Lading is: \u201cA document issued by a carrier, or its agent, to the shipper as a contract of carriage of goods. It is also a receipt for cargo accepted for transportation, and must be presented for taking delivery at the destination.\u201d

What are the 3 functions of a bill of lading?

A Bill of Lading has 3 basic functions or roles as below (in no particular order).. 1) Evidence of Contract of Carriage. ... 2) Receipt of Goods. ... 3) Document of Title to the goods.

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