The contents of the bill of lading, its types and forms –
What are the contents of the bill of lading How are they issued and what are their types? The bill of lading acts as a document of proof of the type and physical condition of the goods, and prevents any thefts. In addition, its importance lies in comparing the policy data with the purchase order for disbursement of payment dues in case the payment is by check payable. Let’s get acquainted with the importance of the bill of lading, and the contents and types of policies and their functions. We have dedicated our next article to you on website to learn more about the bill of lading, so let’s continue together.
What is a bill of lading
A bill of lading is a legal document issued by the carrier to the shipper, which states the type, quantity, and destination of the shipment being transported, and serves as a receipt when the carrier delivers goods to a predetermined destination, and must accompany the products shipped regardless of the form of transportation. It can also be signed by a legally authorized representative of the carrier, shipper and recipient as it is one of several essential documents that must be properly written and reviewed to prevent any theft.
Read also: The largest air freight companies in the world.
What are the contents of the bill of lading
As the legally binding document accompanying the products and meticulously handling the shipment, it is necessary to familiarize yourself with the contents of the bill of lading, namely:
- Names and address of the shipper (sender).
- The name and address of the recipient (the addressee).
- Date of shipment.
- Also the shipping information:
- loading port.
- Discharge port.
- The name of the carrier and the flight number.
- final destination.
- The quantity of the goods and their weight accurately.
- value and shipping rating.
- In addition, a full description of the shipped items must be provided, as follows:
- Description of the goods and packaging used.
- Total weight.
- overall size.
- The total number of merchandise.
- Container number and size.
- Classification of goods (dangerous / sensitive).
- carrier instructions.
- Special notes or instructions.
Read also: International air freight.
Importance of bill of lading
The bill of lading has three main important functions, given that the contents of the bill of lading bear all the details of the shipment, and its importance lies in the following:
- A document of title to the goods described in the bill of lading.
- Receipt of shipped products.
- It represents the agreed terms and conditions for the carriage of goods.
For example, a company that transports goods from one area to another wants the factory representative and the driver to sign the waybill after the shipment has been loaded. Once the goods have been delivered to the destination, the carrier requires the recipient to sign the policy as well. Thus, the use of the bill of lading is not limited to knowing the details of the shipment, but it is a legal document that can be used to claim rights in the event that anything undesirable happens during transportation.
Read also: The relationship between shipping and logistics.
Types of waybill
Types of bill of lading include:
- Inland bill of lading.
- Sea waybill.
- Air waybill.
- Shipping Policy.
- Negotiable bill of lading.
- Non-negotiable bill of lading.
- Signed bill of lading.
- Clean bill of lading.
- Bill of lading for an order.
- Standard bill of lading.
- Direct bill of lading.
- Express waybill.
- Also, the electronic policy.
- bearer’s bill of lading.
- Combined bill of lading.
- Multiple waybill.
Inner bill of lading
It is a contract signed between a shipper and a carrier to transport the goods by land and often to the port of shipment where the goods are transported internationally.
It is a document required to transport goods abroad through international waters, and it has three types:
- Original sea waybill.
- Then the telex bill of lading.
- Express release bill of lading.
They are not different from the road transport policy and both are non-negotiable.
A document that permits the movement of goods within domestic borders and via international freight, and is often required for the export of goods as a freight receipt, and a contract of carriage for products and merchandise.
Negotiable bill of lading
It is the process of loading goods onto a ship or means of transport and it is negotiable, as it is characterized by the possibility of transferring it to a third party.
Non-negotiable bill of lading
It is one of the types of policies that allow the transfer of goods between two parties only without allowing them to be transferred to a third party.
Concluded bill of lading
It is one of the types of restricted policies, which shows the presence of shortage or damage in the delivered goods, and tracks the shipment from start to finish.
clean bill of lading
It is a shipping contract between two parties to complete the shipment of goods without any defect in the goods, and transport them in the oceans by means of marine transportation.
waybill for order
It is the most widely used form around the world and is unlike other policies. As there is no specific consignee, this means that the ownership of the bill of lading can be transferred from one person to another by licensing and delivery of the document
uniform bill of lading
A standardized agreement between the exporter and the carrier regarding the items or property to be transported, and a standardized bill of lading may be sent for an order. Thus, it becomes a negotiable bill of lading just like a sea bill of lading.
Which is issued directly so that the importer can receive the shipment, after verifying his identity by the delivery office at the port, and matching it with the incoming bill of lading.
It is one of the types of policies that are in the interest of the importer in the first degree. Because under this type, the shipment is delivered to the importer as soon as it reaches its destination without any documents or obligations to the importer, and the shipment is delivered only after confirming the identity of the recipient.
It is one of the best types of policies that are issued electronically, after the processes are digitized from the source of the shipment, and today it provides a more efficient, secure and sustainable digital alternative.
bearer’s bill of lading
It is a policy for small and small shipments, according to which the shipment is delivered as soon as it reaches the policy holder without any other documents or documents.
Combined bill of lading
It is one of the policies that benefit suppliers who carry out more than one supply of goods through one means of transport. Thus, all shipments are combined in one container on one mode of transport and one bill of lading.
Issued for the supply of goods using several shipping methods. It is a multimodal transport contract, and all those modes that will transport the goods are aggregated. All types of policies contain basic information about the shipment, the deliverer and recipient, the terms of delivery, and how to make a claim for a lost or damaged shipment under the terms of the policy.
How to issue a bill of lading
A bill of lading is issued by the carrier or its authorized agent to the shipper to acknowledge receipt of the goods. To become an acknowledgment that the goods have been delivered with their basic specifications to the carrier, to hand them over to the consignee, verify their basic specifications and sign their receipt.
Read also: The shipping company project is one of the profitable projects.
Here are samples of the bill of lading:
In conclusion, after we know What are the contents of the waybill. We conclude that the bill of lading is evidence of dispatch of the goods and separates duties which are a vital part of the internal control structure to prevent theft.