UnitABillofLading.pptVIP

Unit 12 A Bill of Lading Text A The Bill of lading (abbreviated generally in use as B/L) is a document of transportation by sea issued by the carrier or someone on behalf of him to the shipper. First, it’s a document of title. If made negotiable, it can be transferred with the endorsement of the right person while the goods are in transit. Letters of credit often contain the stipulation for bill of lading like “Full set of clean on board marine bills of lading made out to order and endorsed in blank marked ‘Freight Prepaid / Collect’, notifying the accountee”. Second, it serves as an evidence of contract of carriage between the carrier and the shipper. The carrier is responsible for delivering the goods to a named port at the disposal of the holder of the bill of lading as stipulated. Third, it’s a receipt for goods which evidences the taking-over or loading by the carrier of the goods as described in the bill of lading. On the face of the B/L the following particulars are to be noted: 1.??The name of the steamer carrying the cargo. 2.?? The port of loading and the port of discharge. 3.?The name of the shipper or consignor. 4.?he name of the consignee or his order (as signs). 5.? The party to be notified. 6.? Freight and charges, prepaid or not. 7.The main particulars regarding the goods loaded on the steamer: the description, marks, number of packages, weight or measurements, number of copies of the B/L, the date, the signature of the ship-owner or its agents or the captain of the steamer. There are many different kinds of bills of lading such as on board B/L and received-for-shipment B/L according to whether the goods are shipped on board vessel or not at the time of issuing the B/L; clean B/L and foul B/L according to whether it bears unclean notation which declares a defective condition of the goods and/or the package or not; straight B/L, bearer B/L and order B/L according to whether the document is negotiable or not; direct B/L, throug