Oh, you! Oh, promissory notes and bills of exchange. So, first, we are discussing promissory notes. Before we understand what a promissory note is, let us try to understand this business transaction. Collegiate Sing sells goods to Guru Suresh Kumar. Suresh Kumar makes a promise in writing to pay the money when demanded by Kool G. Singh. So, here is a contract of sale and purchase between Kol Jeet Singh and Suresh Kumar, whereby Suresh Kumar is purchasing the goods and he makes a promise in writing to pay the money when demanded by Kool G. Singh, the seller. This type of promise is called a promissory note. In a promissory note, we find that a promise is being made. So, here is this promise: "I promise to pay two months after date to Mr. Khalid Sing or his order a sum of rupees 10,000 for value received." So, it is signed by Suresh Kumar and addressed to Col G.C. and it is dated. Also, the amount is written in figures and also in words. In addition, stamp duty is also paid on this note. In this situation, Cool J. Singh is the creditor, and he will be called the promising. Suresh Kumar is a debtor, and he is called a promisor. Another example: Z obtains a loan of rupees 10,000 from a bank. Z makes a promise in writing to the bank to return the money at the end of three months. So, this promise by Z is also a promissory note. Here, Z is the promisor, the person who is to make the payment, and the bank is the promisee, the person who is to receive the payment. Promissory notes are negotiable instruments. That means a promissory note can be transferred from one person to another person. So,...
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Bill Of Lading rules and regulations Form: What You Should Know
Bill of Lading, Definition of एवती means a receipt of cargo. The lading number is also called Bill Of Lading number. These numbers are also used for identification and bill of lading. Bill of Lading Meaning in English Translation of the above-mentioned Bill of Lading : A receipt of cargo. How to Interpret the Bill of Lading Number — Translation The Bill of Lading Number is used as Identification and Number in the Transport System. The number is printed on the container and sometimes are printed on the freight invoice itself. What is the Bill of Lading Number. A Bill of Lading is issued by the Ministry of Shipping and a Bill of Lading number is given as the identification number for the Locker. Bills of lading number can be identified on the container in the form of serial number and/or the Bill of Lading number. However, the number should be not printed inside the front or back cover. The Bill of Lading Number should be the only number printed on the container. Why? A receipt of cargo is necessary documentation to ensure delivery of the cargo. Bill of lading number is a document issued by the carrier to acknowledge receipt of cargo for shipment. The number is also used for identification and bill of lading. A person should not carry other documents such as consignments bill other than the receipt of cargo. The Bill of the Lading Number is usually printed on the container as the first and last number written on it. The Bill of Lading Number must be present as the first number on the rear cover of the container. It cannot be added or replaced with other numbers if no container number is shown. How to find the Bill of Lading Number? To find the Bill of Lading number on the bottom side of the container and see the location where the freight invoice is printed, one should open the rear cover of container and see where the Bill of Lading Number is issued. How to interpret the Bill of Lading Number — Translation First digit should be the First Class Code, e.g. B-10 for 20th floor The first number must indicate if the freight invoice is on the top, left or right. The Second Class Code, e.g. B-22 indicates cargo holding, e.g. cargo locker, barge or container of barge.
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