![]() It acts as a contract for carriage between carriers and shippers.Once a carrier issues a BOL to a shipper, they acknowledge that they have received the shipment and that they plan to transport it to the destination indicated on the BOL. It acts as a receipt for goods shipped for shippers.In the shipping and logistics industry, a bill of lading has three functions: ( Source) What Is the Function of a Bill of Lading? It’s called a ‘bill of lading’ because lading is the Old English word for ‘loading’ in the 16th century, which is when it was first issued. The description of goods contained in the shipment, along with relevant tracking or purchase order information (such as order reference numbers). ![]() The origin and destination of the shipment.Who is sending the shipment (the Shipper), who is receiving the shipment (the ‘Consignee’), and who is carrying the shipment (the Carrier).Three More Ways to Optimize Your Shipping ProcessĪ bill of lading is a freight shipping document that summarizes all the information for a particular shipment:.What Is the Function of a Bill of Lading?.Jump ahead to any of the topics covered in the guide: In this guide, we’ll cover everything you need to know about a bill of lading - why it’s important, different types of BOLs, and what information should be included in a BOL before a shipment can be cleared for departure. If your business consistently ships products by freight, either from your manufacturers or to your customers, you should know your way around a bill of lading. But with more shipped parcels comes more paperwork, including the standard document that accompanies any freight shipment: the Bill of Lading (BOL). Global shipping volumes soared in 2020, with the number of shipped parcels exceeding 100 billion for the first time due to the growth of ecommerce sales last year.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |