bill of lading

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Related to bills of lading: Commercial invoice, bills of exchange

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 ?
These telexes stated that MSC had copies of the original bills of lading in its files and that the carrier authorized the release of the shipments to Genita without receiving copies of the original bills of lading.
When shippers generate their own bills of lading on anything other than pre-printed forms, each bill of lading must bear the title:
Maritime transportation, under United States law, is governed by a negotiable bill of lading, which is a contract of carriage, and subject to the terms of the Bills of Lading Act, 49 U.
com, exporters can print Bills of Lading in their own offices.
Because of the superior bargaining power of carriers, shippers often had to accept bills of lading containing extremely low cargo valuation clauses.
Originally, the railroads had bills of lading that varied considerably among carriers.
Express bills of lading consigned directly to the buyer or other party are not negotiable documents.
Ocean bills of lading generally contain a clause that makes whichever version of the Hague Rules has been enacted in the country of origin the governing law for goods in transit.
On August 25, 1924, the maritime nations meeting in Brussels agreed upon the International Convention for the Unification of Certain Rules of Law relating to Bills of Lading for the Carriage of Goods by Sea [51 Stat.
There are three types of bills of lading: Nominate bills of lading, order bills of lading and bearer bills of lading.
Every business day, less-than-truckload (LTL) for-hire motor carriers handle thousands upon thousands of bills of lading and other important documents that are printed on paper.