亚博电竞比赛赛程网址

Those working in the export or import industry are likely to come across the term Bill of Lading, or its abbreviations – BL, BoL or B/L,on a regular basis. The Carrier of Goods issues a Bill of Lading to the Shipper of the goods.

It’s a document that serves as proof of a shipment. This is essential in international trade because it establishes the “title” to the cargo and identifies who owns it legally. A Bill of Lading, for those unfamiliar with the industry, is a legally binding document that specifies the kind, quantity, and destination of the goods being transported, as well as information about the shipper (consignor), carrier (transporter) and consignee (buyer/receiver). By stating these details, the possibility of miscommunication or a communication gap between the parties participating in the transaction is avoided.

What information must be listed on the Bill of Lading?

There are many essential pieces of information that must be noted on a Bill of Lading. These include:

•             The shipper’s and consignee’s names and full addresses.

•             A piece count – meaning the total skids, cartons, etc.

•             A description of the goods.

•             Any special instructions for the carrier to ensure prompt delivery.

•             The date of the shipment.

•             The PO and/or special account numbers used between the shipper and consignee for order tracking.

•             The ‘Must Arrive By Date’ or ‘Required By Date’.

•             Any dangerous goods identifications and requirements.

•             The exact weight of the shipment.

•             The declared value of the shipment, if there is one.

•             Any special requirements for transportation and delivery — i.e. heat required, tailgate, etc.

The main purpose of a Bill of Lading

A Bill of Lading serves three primary functions. It is, first and foremost, a title document for the items mentioned in the bill of lading. Second, it is a receipt for the things that have been shipped. Finally, the bill of lading encapsulates the agreed-upon terms and conditions for the shipment of goods.

The difference between Freight Collect and Freight Pre-Paid.

The shipment will be dispatched on ‘Freight Collect’ or ‘Freight Pre-Paid’ terms, according to the Bill of Lading. These words refer to who will be responsible for international freight costs.The freight charges will be ‘collected’ by the Consignee if the shipment is shipped Freight Collect. The shipper will be billed for the freight expenses if the shipment was sent on Freight Pre-Paid terms.It’s vital to remember that the carrier must be paid for the shipping charges (by either side) before the cargo can be released to the consignee.

Implications of filing a Bill of Lading incorrectly

You could face serious consequences if you fail to file a Bill of Lading, omit information, or file false information. This is why it is a good idea to hire a freight forwarder to help you fill out any documentation related to Bills of Lading. Here are all the consequences of filling out a bill of lading incorrectly or incompletely:

•             Claims from the receiver of goods;

•             Loss of Protection and Indemnity insurance coverage;

•             Loss of right of indemnity from the charterer;

•             Possibility of criminal prosecution;

•             Loss of the right to exercise a limitation of liability clause.