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FAQ

What is bill of lading?
A Bill of Lading BL or BoL document is an extremely important documentinvolved in the shipping and logistics industry. A Bill of Lading is adocument that is issued by the Carrier of goods to the “Shipper” of the goods.It’s a document to provide evidence or proof of shipment. This is extremelyimportant in International Trade as it provides ‘title‡ as to who legally ownsthe cargo. The Bill of Lading acts as evidence of Contract of Carriagereceipt of goods and document of Title to the goods. The owner of the cargothe holder of the Bill of Lading has the legal rights to claim the goods orarrange transfer ownership of the cargo to another party in the supply chain.Useful information on how the Bill of Lading is actually used…The Bill of Lading is important in International Trade when it comes to theIncoTerms that the goods are sold on and the payment terms agreed betweenbuyer and seller. In alot of cases buyers and sellers will agree to pay adeposit to the supplier then arrange the balance payment ‘upon receipt of Billof Lading’. This means that when the goods have been shipped and the shipperreceives the Bill of Lading from the carrier shipping line the shipper willuse this document as security and will only email a ‘copy‡ of the Bill ofLading to the buyer to prove that the goods have been shipped and to requestthe balance payment. The shipper will hold title to the original Bill ofLading originals and therefore legally retain ownership of the cargo. Theshipper will use this as security to ensure that they receive the balancepayment for the goods. Bill of Ladings are also used when shippers andconsignees arrange Letter’s of Credit LCs with both partys banks. Lettersof Credit are contracts written between the shipper’s bank and the consignee’sbank that will guarantee payment of goods ‘upon Bill of Lading’.Once the buyer has made the balance payment the shipper will ‘surrender‡ theBill of Lading and tell the shipping company to issue an ‘Express Release‡ orTelex Release Bill of Lading. This Express Release Bill of Lading will allowthe title of goods to be transferred to the buyer without the buyer having toactually receive the original Bill of Lading documents in the mail. The buyerwill use this Express Release Bill of Lading to arrange customs clearance andrelease of their cargo at the port of destination.Read this article to understandThe difference between Freight Collect and Freight PrePaidInformation that is included on a Bill of LadingAn example Bill of Lading
Do truck drivers needs to keep bills of lading? My wife was hit by one and thecompany is refusing to produce the bill of lading.
Yes and no. The bills of lading are required for 3 reasons1 It details what you are carrying how much it weighs as well as it’s originand destination and if it is Hazmat material. This is important because ifstopped by the state police or local authorities you are required to producethis information or face disciplinary actions2 You need this information to give to the customer that you are deliveringit too. You will be refused if you don’t have it.3 You need the bill of lading to get paid. After you have delivered yourloads for the day or the week in most cases you scan them and fax them toyour company to get credit paid for delivering the load.When I use to drive I’d be out all week and I would fax the paperwork eachnight after I made all of my pick ups and deliveries for the day and then Iwould keep the paperwork in a file for a few weeks to make sure I got paid andthat there were no issues with the delivery.He should have been able to produce the paperwork. Your wife should’ve calledthe state police during the accident in order to get the necessaryinformation. She may still want to contact them to see if they can offer anyassistance in the matter.
What’s the difference between a waybill and a bill of lading?
In Simple termsA Sea Waybill is a document that is given by the carrier which containsdetails of the Cargo like type of cargo Dimension name of the consignee andconsignor and information like POL POD Carrier name Charges etc. Now tothe use of Waybill the waybill is normally sent through mail which ismentioned as and it can be used to release the cargo. But if it is a LCshipment1 the bill of lading is mandatory.One of the main difference between them is a Sea waybill shipment don’t needoriginal SWB to obtain the DO whereas a shipment which has released a BLshould provide the original BL to get the DO Delivery Order.Bill of Landing is a document that is signed by the carrier and given to theshipper at the point of loading as a proof and it acts as an evidence. It alsocontains similar details as waybill has but it is a recognized document. Billof lading should be sent through courier to the clearing agent in order to getthe DO Delivery Order.Now to your questionsIf you are a liner you have to sign both the Waybill and Bill of lading onbehalf of the Carrier like OOCL Mersk etc. No other has to sign thosedocuments.There are 2 main types of BL2 MBL and HBL where MBL is issued by the Linerto the Shipper and HBL is issued by the Freight forwarders the ones who loadsthe cargo.When you talk about no sign requirement a Direct Master BL only the MBL isreleased there is no other documents needed as it contain the name of actualConsignor and Consignee other than a letter from the consignee stating theclearing agent name with it which is necessary for the clearing agent toobtain the DO.I didn’t fully get the question details but still I have done my best up to myunderstanding.Hope its informative.Footnotes1 Letter of credit Wikipedia2 A bill of lading ‡ Part 2 MBL vs. HBL Seaoo.com Blog
How do I get access to public bill of lading databases from Customs and BorderProtection?
As stated in the previous answer this information is not available to thegeneral public. Here is what CBP saysHow can I get information about who is importing or exporting variouscommoditiesImporter names on entry documents are confidential and U.S. Customs and BorderProtection CBP does not disclose names of importers to the public. Howeverthere are a number of private sector media services that are permitted by theprivacy statute 19 CFR 103.31 d to collect manifest data at every port ofentry. Reporters collect and publish names of importers from vessel manifestdata unless an importershipper requests confidentiality.Please be aware that there is a subscription charge for this information.Among the companies that provide this information service are the Journal ofCommerces PIERS database and Ealing Market Data Engineering Co.
What is a draft bill of lading?
A2A.What is a Draft BLIn simple a draft BL is a preliminary version Rough outline of an actualBL Normally the BL is prepared at the Place of Origin that is from where thecargo is exported.It is prepared by the liner Vessel or the FF. A typical draft BL containsthe cargo details like type dimension weight charges as agreed consigneeand consignor name POO POL Port of Discharge etc. It also includes theLC details if there is one involved.Now to the use of Draft BL.The name itself says that it is just a rough document and it can be edited inany way the customer want. It is used as a sample to confirm the actual BL.Once the draft is made it will be sent to the customer for their confirmation.The seller checks the draft details and once he is satisfied with the drafthe confirms it and then the Actual BL is prepared.Once the actual BL is prepared it will carry a unique code which can be usedanywhere in the world to track the cargo and its details.So from here after preparing the actual BL if any change has to be doneit’ll charged to the customer it also includes spelling mistakes.Types of BL.Master BL and House BLMaster BL is prepared by Liner in behalf of the Ship owner.House BL is prepared by FFAbbreviationsBL Bill of Lading FF Freight Forwarders POO Port of OriginPOL Port of Loading LC Letter of Credit 1Hope its helpful. Thanks for reading.Footnotes1 A Quick Guide to Understanding Letters of Credit
What are the main functions of a bill of lading?
A Bill of Lading BL or BoL document is an extremely important documentinvolved in the shipping and logistics industry. A Bill of Lading is adocument that is issued by the Carrier of goods to the “Shipper” of the goods.The main function is to1 Provide evidence or proof of shipment2 Provide a receipt of goods3 Provide ‘title‡ as to which party legally owns the cargoThe owner of the cargo the holder of the Bill of Lading has the legal rightsto claim the goods or arrange transfer ownership of the cargo to another partyin the supply chain.Read this article to understand the difference between Freight Collect andFreight PrePaid information that is included on the Bill of Lading and anexample Bill of Lading.
How do Airway Bill and Bill of Lading differ?
Both Bill of Lading BL and Waybill are among the most important documentsin international trade. The key difference between a BL and a Waybill is thata waybill does not convey title. The cargo named on the waybill can bereleased only to the named consignee and no original documents are required.Airway bill is a document of proof of receipt issued by air carrier of goodsto shipper on receipt of goods for on carriage. Where as bill of lading is adocument of proof of receipt issued by sea carrier of goods to shipper onreceipt of goods for on carriage.
What is bill of lading's role in DA/DP Payments?
Thanks for A2A. Following link depicts the role of Bill of lading in DA DP payment modesin International Sales or ExportImport Page on credittocashadvisor.com This link will help you in understanding legal aspects and expediency of theprocess DP DA and Their Use in International Sales Transactions
What is marine bill of lading?
When the cargo owner has to sell his cargo to a buyer whom he does not knowpersonally and cannot trust a procedure is followed for selling the cargo. For this when the cargo owner gives the cargo to a ship owner he gets a billof lading. This bill of lading is given to the buyer of the cargo and after that only theseller gets the money. It acts as a receipt of goods.