What is a freighted bill of lading?
Definition of freight bill : a bill rendered by a carrier to a consignee of freight and containing an identifying description of the freight, the name of the shipper, the point of origin of the shipment, its weight, and the amount of charges.
What is the most common bill of lading?
8 Common Types of Bills of Lading by Transportation Mode
- Ocean Transportation. When goods are transported by ship, an ocean bill of lading is issued.
- Air Transportation. Air waybills, or AWB, are issued when goods are transported by air.
- Land Transportation Waybill.
- Uniform Bill of Lading.
- Hand Tag.
What is a standard bill of lading?
Typically, a bill of lading will include the names and addresses of the shipper (consigner) and receiver (consignee), shipment date, quantity, exact weight, value, and freight classification.
What are the different types of bill of lading?
Different types of bill of ladings based upon Negotiable and non Negotiable documents
- Straight bill of lading:
- Order bill of lading.
- Bearer bill of lading.
- Switch bill of lading.
- Port to port bill of lading (also called Ocean bill of lading)
- Multimodal or Combined bill of lading.
- Through bill of ladings.
What is the importance of bill of lading?
A bill of lading is one of the most important documents in the shipping industry. It 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 are the characteristics of 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.