Bill of Lading 2
Bill of Lading 2 : Principal transportation document by which a carrier acknowledges receipt of freight, describes the freight and sets forth a contract of carriage. It is a receipt for goods and contracts to move them. Terms and conditions, responsibilities and liabilities vary with manner and place of use. Bills of Lading may be negotiable or non-negotiable. Contents of the Bill of Lading were outlined in 1917. Every Bill of Lading must contain at least the following: (1) Date of issue. (2) Name of consignor. (3) Place of original consignment. (4) Place of delivery. (5) Statement of whether goods are to be delivered to a specific person. (6) Description of goods/packages containing them and (7) Signature of carrier. There are many kinds of Bills of Lading. An Ocean shipment requires two documents: an Inland Bill of Lading to cover the domestic movement of the cargo and an Ocean Bill of Lading to cover the international carriage. In air freight, the air waybill is a form of Bill of Lading and is the contract for carriage- both domestically and internationally. See also: ORDER BILL of LADING
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