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.

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.

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.
References in periodicals archive ?
This is unique because it is the first time a major retailer has assisted a carrier with implementing the new electronic bill of lading with its customers," said Doug Anderson, logistics program sales manager, Sterling Commerce's Commerce Business Division and chairman of the American National Standards Institute (ANSI) Accredited Standards Committee (ASC) X12 Transportation Subcommittee.
By using GTN, into which shipping lines have integrated their back-office systems, major third-party logistics managers (3PLs) such as APL Logistics can electronically transmit complete and accurate bill of lading information directly into the shipping lines' systems, automatically, over the online portal.
Earlier this year, Cargill finished an electronic bill of lading related to a grain transport from the United States to Mexico.
VICS Bill of Ladings off ASNs -- Lingo users can generate Bill of Lading documents and VICS Bill of Lading documents directly off ASNs with a couple of clicks of the mouse.
Lingo's ability to auto-create VICS Bill of Lading documents from our ASNs has proven to reduce time in the warehouse by three to four hours per customer shipment," said Shari Foldesi, Director of Operations, P2F Holdings, developer, distributor of "As Seen on TV" products and a leading wholesale apparel distributor located in Seal Beach, CA.
Thus, the parties could declare in the bill of lading the value of cargo shipped, but carriers were absolutely prohibited from limiting their liability under 100 [pounds sterling] per package or unit.
Neither the carrier nor the ship shall in any event be or become liable for any loss or damage to or in connection with the transportation of goods in an amount exceeding $500 per package lawful money of the United States, or in case of goods not shipped in packages, per customary freight unit, or the equivalent of that sum in other currency, unless the nature and value of such goods have been declared by the shipper before shipment and inserted in the bill of lading.
A marine bill of lading is required, but the bill does not state that the goods were shipped on board a named vessel.
The bill of lading shows shipment between ports other than those specified in the credit.
The bill of lading is a contract between the shipper and the carrier designating the pickup point, the ports visited and the final destination of the cargo.
The bill of lading for a load forms a contract between the shipper, the broker and the carrier.
StreamServe Reduces Bill of Lading Process from Days to Minutes and Order-to-Cash Cycle by 50 Percent