Bills of lading and charterparties compared
As a document of title, the ocean bill of lading form authorizes the holder or another party to take possession of the goods. There are two categories that should concern us here. The straight bill is used when the shipment is consigned directly to the named consignee and no other party.
This website and its content are copyright of essDOCS Limited. All rights reserved. ©2005-2018 essDOCS, CargoDocs, TraceDocs, BPO+, ePresentation+AI, ADP, SCF Hub, DocPrep+ and DocEx are either registered trademarks, trademarks, registered servicemarks or servicemarks of essDOCS Limited worldwide.”
Bill of Lading
A bill of lading (BOL) is a document required for the shipment of goods that describes the freight and gives ownership of that cargo to a specific party. A standard BOL includes shipper, consignee and payment information along with any special requirements such as expedited shipping or other accessorial services. The bill of lading serves as an agreement between the shipper and the carrier as well as a final shipping receipt.
When shipping physical inventory — be it raw materials or finished products — you need to come to an agreement about who is responsible for any lost, delayed, or damaged goods. A bill of lading (BoL) can serve as the legal contract between carrier and recipient, and also as a receipt of inventory being shipped. In this article, you’ll find the most commonly-used bill of lading scenarios and free, downloadable templates available in Microsoft Word and Excel, PDF, and Google Sheets formats that you can customize to fit your needs.
How a Purchasing System Works
The document which covers transport by sea. Signed by the carrier, whether a shipping line or a freight forwarder, it serves as a receipt to the consignor for the goods, as evidence of the contract of transport containing the conditions of transport, and as a document of title by which possession of the goods can be transferred. Typically a B-L is issued in a set of three signed originals or negotiables, one of which must be presented to claim the goods upon which the others become void.
What is a Bill of Lading?
The word “Lading” is an archaic form of “loading”. Blackbeard would have used it when piling more booty onto his pirate ship. The bill of lading started out as a receipt issued when a shipment was loaded onto a vessel, not that Blackbeard was too fussed about paperwork. It is still used as a receipt at pickup, handed to the seller as proof that the goods were handed over. It is also a receipt that the shipment was handed over in good condition, unless a note to the contrary is made on the BOL at pickup.
You can buy bills of lading from office supply stores. The YRC Freight bill of lading is available at no charge from your YRC Freight Customer Service Center. Another option is to fill out the YRC Freight bill of lading online and print a copy. Give the completed bill of lading to the YRC Freight driver that picks up your shipment.
Bill of Lading Terms
2. Notification. Any mention in this Bill of Lading of parties to be notified of the arrival of the cargo is solely for the information of the Carrier and failure to give such notification shall not involve the Carrier in any liability nor relieve the Merchant of any obligation hereunder.