Bill of Lading

Bill of Lading

A bill of lading, which specifies the kind, quantity, and destination of the goods being transported, acts as a contract between a shipper and a carrier. It serves as a receipt for the shipped items, a document of title to the goods listed in the bill of lading, and a representation of the terms and conditions set forth for the transportation of the goods, in that order. The bill of lading must be signed by an authorised representative from the carrier, shipper, and receiver, and it must be included with the transported items. The bill of lading is required for any business exporting from India. 

The process behind a Bill of Lading involves the following steps:

  • The Bill of Lading, which explains the agreement between the shipper and the carrier and contains all the details surrounding the items being loaded onto the vessel, is prepared by the shipper or their agent.
  •  To acknowledge receipt of the goods, the carrier or their authorised representative gives the shipper a Bill of Lading document.
  • A duly authorised person from the carrier, shipper, and receiver must sign the Bill of Lading document, which must also be included with the delivered items.
  • The shipper mails the Bill of Lading paperwork to the purchaser or consignee.
  • The buyer or consignee must deliver the Bill of Lading to the shipping representative in the country of destination.
  • When the goods arrive at the port of destination, the shipping agent issues a Delivery Order to the consignee.
  • In order to receive the goods, the consignee must give the carrier the Delivery Order and the Bill of Lading

It is crucial to remember that the Bill of Lading procedure can change depending on the kind of shipment and the country of destination. Therefore, before exporting their goods, businesses should confirm that they have all the required documentation with the customs authorities and their buyers.

 

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