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The bill of lading contains details about the type and quantity of goods, the parties involved in the shipment, and the terms of the shipment. A bill of lading is a legal document that provides evidence of the agreement between a shipper and a carrier for cargo movement. If you’re shipping goods & products daily, it’s essential to understand what is bill of lading and its types So, let’s learn more about this topic.
Received for shipment bill of lading
BOL proves that you have complied with all applicable laws and regulations regarding shipping procedures. This way, if anything goes wrong during the delivery process, you can make the most of the bill of lading. The section provides the declared value of the item, weight, quantity, and package type. A straight bill of lading is a non-negotiable bill that comes in handy when the actual goods being delivered are already paid for or are donations/gifts and require no payment. The contract between these two parties involved is created before the issuance of a bill, but the bill itself is what safeguards both parties’ interests.
Bill of Lading Types and Examples
While it may not have advanced fields for complex billing scenarios, it is the perfect choice for small and medium businesses and freelancers who need a versatile, access-controlled bill of lading template. You can use this template as a non-negotiable straight bill for any mode of transportation. The template will help you automatically format your bill of lading, saving you time. Plus, you can edit and update the template as needed, making it suitable for different shipping situations.
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Multimodal transport employs different kinds of transportation, but functions under one bill of lading; the same carrier moves the goods in all of the modes. Intermodal freight consists of materials and products transported by container via a variety of vehicles. The International Organization for Standardization (ISO) sets out the standards required for the containers used in intermodal freight. This term is used when the goods are received by the shipper in a damaged condition. In these cases, the carrier’s insurance company may refuse a claim for damage. Contrast this with a ‘clean’ bill of lading, where the goods are delivered in an acceptable condition.
How Is The Bill Of Lading Different From POD (Proof Of Delivery)?
You should look for a bill of lading template that is accessible across different platforms and is compatible with popular file formats, such as PDF and Excel, to enable easy sharing and distribution of the lading forms. And that means a lot of paperwork and a high chance of making mistakes. The form below is a standardized VICS (Voluntary Inter-Industry Commerce Standards) bill of lading and is utilized within the general retail industry.
Want to streamline your Bill of Lading process?
Her expertise is in personal finance and investing, and real estate. Offer available for new clients only and expires after 15 days from account creation. Discount does not apply to Volume, Custom Quotes, FTL, nor Parcel shipments. It's easy, with a quick Google search you can find BOL templates for most applications. Generally, you can find BOL templates at any store offering office supplies. Depending on the carrier, they may have a BOL template available for you on their website to fill out and print.
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This document should always be included in a transaction involving shipped products because it acts as a transport document. An inland bill of lading is required if the goods are to be transported over land prior to overseas shipping. An inland bill of lading allows the goods to be delivered at the shore; an ocean bill allows the goods to be transported over international waters. An inland bill of lading is also required if the goods will be transported in the country of destination after delivery at the dock. Typically, a bill of lading will include the names and addresses of the shipper (consignor) and the receiver (consignee), shipment date, quantity, exact weight, value, and freight classification.
Combined transport bill of lading
Once you’ve mastered how to fill out a straight bill of lading, you’ll be ready to move on to more complicated forms. Below that, if collecting on delivery you will check a box for the fee terms, which will be collected, prepaid, and whether or not a customer check is accepted. The last section is for signatures, and details on who is loading the trailer and who is counting the freight. A bill of lading can also be defined as a receipt given by the carrier when your cargo is picked for shipping. The difference between a clean and a claused bill of lading is the condition of the goods shipped. A clean bill of lading covers goods that are received in an acceptable condition.
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Load planning enables you to save time when you’re planning delivery routes, which also improves your shipping accuracy. For example, if your small business frequently orders products from a manufacturer in China, you might use a shipping agent who works with your manufacturer to ensure your products arrive on time. In this case, having a negotiable bill of lading enables your shipping agent to pick up your products from their port of arrival and send them directly to your business’s location. Each of these bill of lading types contain subtle differences applied to a standard bill of lading. The differences depend on the transferability of the BOL (negotiable vs. non-negotiable), the payment status of the goods in a shipment, conditionof the goods, and the mode of transport used.
This gives your sales team a complete view of each customer and lets them personalize their approach in customer conversations. Do you want a bill of lading template that is easy to use and effective? This template helps you easily document all the important details of your shipping transactions. It can help you streamline the shipping process and ensure compliance with domestic shipping regulations and industry standards. The BoL also helps you clearly define who is responsible for potential losses, delays, or damages. Depending on what and how you are exporting, you will need different types of bills of lading.
In addition to all the standard information included in a bill of lading, there is a section for noting all existing damages, scratches, dents, or other abnormalities on the vehicle at the time of shipment. Completing this section ensures that you know who is responsible for any further damage upon delivery. Automobiles are expensive and difficult to physically transport, so ensure that all parties read and agree to any listed conditions, which you can customize to fit your specific arrangement. The bill of lading is one of the most important documents in the entire logistics industry. It protects the needs of all 3 major parties in a shipping transaction. Shippers, carriers, and consignees ensure protection during all stages of the process.
Implementing internal controls can help streamline operations and prevent fraud. A bill of lading is one of several key documents that must be properly managed and reviewed to prevent asset theft. It will be very helpful, especially if this is your first time filling one out, to look at a bill of lading example to get acquainted with what information is being asked for. With a BOL template, you can know in advance what information to take note of, so that you can quickly and efficiently fill out your actual form. Go ahead and do a search right now for a straight bill of lading example to see the most frequently used form.
There’s no requirement for a company to issue a “standard” bill of lading. They do exist, though, such as the Uniform Straight Bill of Lading. It protects the shipper, the customer, and the carrier—all in one document. As the shipment progresses towards the consignee’s destination, the shipper delivers the original signed Bill of Lading document to the consignee. Upon the goods’ arrival at the destination, the consignee claims ownership by presenting the original BoL.
The shipper ensures that the goods are ready for shipping to the buyer. The bill states that the cargo is in good condition aboard the vessel and cannot explicitly declare a defective condition of the packaging and/or the goods inside. A bearer bill of lading states that the consignee is the person who possesses the original bill of lading and can be negotiated by physical delivery. This type denotes that when the cargo arrives at the port first before the bill of lading itself, the BOL is considered “stale”. There are many kinds of BOLs that have different terms in the contract and are used in different shipping scenarios.
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