Bill of Lading (B/L) is a document of carriage of goods by sea issued by the carrier or by the carrier's representative to the shipper after receiving the goods for loading or after the goods have been shipped. loaded onto the ship. Let's find out with Giaiphapdonggoi.net what is Bill of Lading? As well as the classification and role of the bill of lading.
Table of Contents [Hide]
1. What is the Bill of Lading?
What is Bill of Lading?
Bill of Lading (abbreviated as B/L) in Vietnamese is a bill of lading - is a legal document issued by the carrier to the consignor, detailing the type, quantity and destination of the goods to be shipped. carriage. The bill of lading also serves as a consignment receipt when the carrier delivers the goods at a predetermined destination.
B/L must be shown the information about the goods. Must be signed by an authorized representative of the shipping line, shipper and consignee.
Shipping lines must confirm issues such as: bill of lading classification, number of packages, weight, quantity, consignor, consignee name, name of departure and destination port, date of departure, quality of cargo transport.
The role of the B/L is the receipt of the goods to be able to ensure that the exporter receives payment from the importer. And also as proof of commercial fulfillment of obligations under foreign trade contracts.
Before delivery the carrier does not need to send all the originals. That will help the exporter retain control of the shipment, once payment has been completed by the importer.
2. What is the function of the Bill of Lading and why is it important?
Functions of the Bill of Lading
Bill of Lading has three main functions:
First, it is a document of title to the goods described in the bill of lading.
Second, it's a receipt for products that have shipped.
Finally, the bill of lading represents the agreed terms and conditions for the carriage of goods.
The importance of a bill of lading lies in the fact that it is a legally binding document that provides the carrier and the shipper with all the details needed to properly handle a shipment. This implies that it can be used in litigation, if necessary, and that all parties involved will make every effort to ensure the accuracy of the document. It is essentially undisputed proof of transport. Furthermore, bills of lading allow for segregation of duties that are an important part of a company's internal control structure to prevent theft.
>> Let's learn about pp belts used to pack goods
3. Classification of bill of lading (B/L)
Classification of bill of lading (B/L)
There are three types of property classification:
Direct bill of lading (Straight B/L): shipping lines only deliver goods to the person whose name is on this bill of lading.
Order Bill of Lading: Endorsed on the back of the bill of lading.
To order of a named person: Delivery of goods according to the order of the shipper or company.
To order of a issuing bank: Delivery according to the order of the issuing bank. (LC payment)
To order of shipper: Delivery according to the order of the shipper.
Anonymous bill of lading (To bearer B/L): This type of bill of lading does not contain the name of the consignee, whoever holds this bill of lading will become the owner.
Classification according to commodity notes includes 2 types:
Clean Bill: Description of outboard goods suitable for seaworthy or quality goods.
Unclean Bill (Unclean bill of lading): Describes the outer side of the goods that are not suitable for seaworthy or the goods are not of good quality.
There are two types of legal classification:
Original B/L (Original Bill of Lading): This type is signed by hand, with or without the “Original” stamp, transactional, transferable.
Copy B/L (Copy of Bill of Lading): This is a supplementary copy of the original bill of lading and is not hand-signed. Usually there will be a "Copy - Non-negotiable" mark and is not transferable.
Categorized by journey and mode of transport include 3 types:
Direct B/L: Goods of this type will be transported directly from the port of loading to the port of discharge. The shipment of goods is not subject to transshipment.
Through B/L: With this type, the goods must be transshipped through an intermediate ship.
Multimodal B/L: Goods will be shipped by “Door to door” method. Combine other modes such as: land, water, air, railway.
There are 2 categories by issuer as follows:
Master B/L (Master Bill of Lading): Issued by shipping lines (shipping units) to Shipper or Forwarder.
House B/L (House Bill of Lading): This type is issued by the Forwarder to the Shipper.
4. Contents of Bill of Lading
Contents of Bill of Lading
Names and addresses: The full names and addresses of both sender and recipient (consignee) must be legible and easy to find on the document.
Purchase orders or special reference numbers: These numbers may be important to your business or are a necessary reference for shipping goods to be issued to you.
goods or accepted upon delivery.
Special instructions: This is where you'll note instructions for service providers that aren't a requirement for additional services such as lift doors or delivery notices.
Date: This is the date of receipt and may be needed as a reference to track your goods or when you reconcile the shipping invoice.
Description of items: Shipper should note the number of shipping units, size and weight, as well as information about its material and decoration.
Packaging type: Note whether you are using cartons, crates, pallets and/or drums when shipping.
NMFC freight class: Shipping class can affect your shipping costs. Shipping shipments are divided into 18 categories based on weight, size, density, storage capacity, ease of handling, value and liability.
Department of Transportation hazardous material designation: Dangerous shipments must be clearly cited and special rules and requirements apply when transporting.
Above is some information about what is the Bill of Lading? As well as the classification and role of the sea waybill that giaphapdonggoi.net has provided you. Hope the above information is useful to you. Good luck!
Check out other articles in the same category:
What are inches? Ways to convert 1 inch to cm
What are ETAs and ETDs? And how are ETD and ETA calculated?
