Financial

bill of lading

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Bill of lading

A contract between an exporter and a transportation company in which the latter agrees to transport the goods under specified conditions that limit its liability. It is the exporter's receipt for the goods as well as proof that goods have been or will be received.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Bill of Lading

A document in which a seller agrees to use a certain transportation to ship a good to a certain location. The bill of lading details the type, quality, and quantity of the good. It also serves as the receipt upon arrival at the destination.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

bill of lading

a document used to ship internationally traded goods that gives the holder (the consignee) the right to take possession of the goods. The bill of lading gives details of the goods shipped, the identification marks and numbers on crates, etc., the name of the ship, ports of embarkation and destination, rate of freight, etc. Bills of lading are drawn up by shipowners, the original being sent to the consignee with copies being retained by the captain of the ship and the FREIGHT FORWARDER. See EXPORTING.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
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References in periodicals archive
However, the carrier is only obliged to contact the "shipper" as listed on the bill of lading before being legally entitled to dispose of the item in its charge.
class="MsoNormalManaging Director Michael Muriithi had earlier told the Sunday Nation on phone that they had been contacted by KRA over the contraband cargo but distanced the company from the consignment despite manifest data identifying the firm as one of the consignees with a bill of lading number 961657767 and manifest numbers 140266.
The application of uniform rules, which was conditional by the release a bill of lading, could not be accepted, seeing that, maritime practice also uses non-negotiable transport documents.
28 for the year 1980 (the "Maritime Law"), the Bill of Lading shall be made in writing and has three important roles between the carrier, the consignee and in respect of third parties;
"The company was also found to have stored the medicines before obtaining customs clearance, as per the bill of lading, for 50 days in one of its stores which was not proper for storage," he added.
Kirby, the provisions of COGSA may be applied by extension when incorporated into a through bill of lading if the sea carriage constitutes a substantial portion of the total shipment.
The convoluted and contradictory nature of the contract at issue has led us to apply the doctrine of contra proferentem and to construe the bill of lading against its drafter, [Defendant] We hold that [Defendant] and [Plaintiff] contracted for application of the liability limits set forth in the Hague-Visby Rules." [Slip op.
(B) There are no price discounts, with payments due within thirty days of the bill of lading date.
According to the company, the updated features include: booking online for air or ground shipments; customer on-site printing for Master Air Waybill/Ground Bill of Lading; customer on-site printing for shipping labels; online tracing/tracking of Air Waybills (AWB) and Ground PRO numbers (PRO); extra online search capabilities; improved presentation of track/trace data; online invoicing; enhanced account administration; and improved site and data security.
What could be more worrying for shipowners is that the FTA guide also suggests the future presence of what it calls a "more level playing field" in discussing bill of lading terms will open the way for more frequent negotiation.
GAO investigators were able to successfully represent themselves as employees of a fictitious company present a counterfeit bill of lading and a counterfeit NRC document during the secondary inspections at both locations.
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