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 ?
Hague Rules, condition the ratification of the contract with the existence of a bill of lading or other similar document recognized as title for the carriage of goods by sea (article 1, letter b).
According to article 176 of the Maritime Law, the carrier issues a Bill of Lading based upon the information provided by the shipper, including the consignee's details.
The changes to the bill of lading were made without notice to the public, while the shipper was never given an opportunity to comment or protest the changes.
The principle that a separate, domestic bill of lading must be issued for the Carmack Amendment to apply to the inland portion of an international, multimodal carriage of goods has its roots in Reider v.
Nevertheless, the latest pronouncement in these circuits evidences a four-prong approach; these circuits use the same elements as the Fifth Circuit but remain silent as to whether the cargo needs to be segregated by a bill of lading from the other cargo.
Specifically, Section 14706 states: "When a freight forwarder provides service and uses a motor carrier providing transportation subject to jurisdiction under Subchapter I of Chapter 135 to receive property from a consignor, the motor carrier may execute the bill of lading or shipping receipt for the freight forwarder with its consent.
The bill of lading shows that the goods were shipped on deck.
In 1922, the Interstate Commerce Commission (ICC) prescribed a uniform bill of lading for railroads that has remained largely unchanged for nearly 70 years.
Yet, the fact that a clean bill of lading was issued and the goods arrived damaged is sufficient reason to shift the burden to the shipowner who then must prove that the damages occurred due to circumstances beyond his control.
The ship-owners are not responsible as they are not the issuers of the bill of lading which was issued by the charterers and, accordingly, not the carrier under the bill of lading;