Bill of lading (B/L)

Bill of lading (B/L),

Definition of Bill of lading (B/L):

  1. Documents issued by the carrier or its agent to the sender as a freight agreement. It is also the receipt of the goods which has been accepted for transportation and must be submitted for receipt at the destination.

    The shipping note contains a detailed (1) names of senders and recipients, (2) names of departure and destination ports, (3) names of ships, (4) dates of departure and arrival (5), among other things. List of goods including packages and types, packages, (6) logo and number on packages, (7) weight and / or cargo volume, (8) freight rate and quantity. It serves as proof of ownership of the cargo and can be issued in the form of negotiations or non-negotiations. In the form of negotiation, it is commonly used in letter of credit transactions and can be bought, sold, traded or used as a collateral to borrow money. A bill of lading for all claims is necessary for loss, delay or damage and for resolving cargo ownership disputes. According to the delivery note (usually printed on the back), the rights, duties and responsibilities of operators and shippers are generally governed by the old Hague Rules or the new Ways Hague Rules. See also store.

  2. A detailed list of the ship's cargo, in the form of a receipt to the person delivering the goods through the ship's captain.

How to use Bill of lading (B/L) in a sentence?

  1. When receiving a truck, you must have a driver's delivery note. Make sure the driver signs the bill of lading.
  2. We must use delivery notes when doing business with international airlines.
  3. The building bill must be signed and proofreaded for accuracy and copies must be sent to the receiving manager and the Treasury Department to comply with the record keeping procedure.
  4. After a careful inspection of the ship's rescue bill, I found no nuclear material in it.

Meaning of Bill of lading (B/L) & Bill of lading (B/L) Definition

Thanks for your thread and no doubt, bill of lading has great significance in the process of international shipments. Though three copies of the original bill of lading are being given to the consignee by the shipper to avoid the risks of loss and damage but most of the importers still complain about it. Indeed, in many cases, it’s been noticed that original bill of lading takes times in terms of courier arrival and it also charges a lot especially if the exporter is using EMS or FedEx to courier this bill to the consignee.

That’s why it is being considered a simple method by exporters to surrender the bill of lading at the origin after making payment to the carrier. In this way, exporters can send the surrender bill of lading to the importers with speed and simple mechanism, and you can read more about surrender bill of lading from here Indeed, the surrender bill of lading is acceptable by custom officers instead of the original invoice.

Withal, if it is about South American countries or Indonesia then probably custom administration wouldn’t accept the surrender bill of lading there and you would to provide original bill of lading to authorities to receiver your international shipment. But, if you are sending or receiving shipments outside of the South American countries and Indonesia then you should definitely prefer the use of surrender bill of lading instead of using the original bill. Moreover, the surrender bill of lading is also known as Telex Release if you use a Telegraph Transfer method to send surrendered BOL.