Uniform bill of lading,
Definition of Uniform bill of lading:
A uniform bill of lading is an agreement between an exporter and a carrier regarding property to be transported. The uniform bill of lading provides basic information about the shipment such as the shipper and recipient's names and the shipment's origin and destination. In addition, the document establishes the terms of the carrier's liability, transport time frame, how to file a claim for a lost or damaged shipment, how insurance will be applied in the event of a claim and how the shipment may be stored or disposed of if the shipment is refused or is not deliverable.
The uniform bill of lading also specifies the carrier's liability with regard to specific types of shipments including documents, coin money, items of extraordinary value and explosives. Additional shipment charges may be assessed if the shipper misrepresents the type of goods being transported.
The contract that determines how to transport property. The agreement made between the carrier and exporter and includes the shippers name, name of recipient, destination, and origin. The bill also determines transport time, carrier liability, storing, how to file a claim, and disposal of refused or undeliverable goods.
Meaning of Uniform bill of lading & Uniform bill of lading Definition