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:
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.