Bill of lading types

Switch bill of lading is generally requested by the consignee from the owner of the vessel when the consignee do not wish to reveal to the new buyer the identity of the shipper of the cargo. The various types of bill of lading are given below. However, different types of bill of lading are used in certain situations.

Knowing the details of each type is important for all parties involved. A straight bill of lading is a document in which a seller agrees to use a specific mode of transportation to deliver goods to a certain location, and the bill is assigned to a specific party.

The straight bill of lading details the type, quality, and quantity of the good. It also serves as the receipt upon arrival at the destination. A type of through bill of lading where a shipment involves at least two ways of transport. The simplest is usually what’s known as a direct or straight bill, though this is usually only suited for standard interactions between shippers and sellers.

An open bill of lading is a type of bill of lading that is negotiable. It can be transferred multiple times by changing the name of the receiver. For example, a switch bill of lading is a type of an open bill of lading.

It would then be loaded onto a ship or plane, unloaded upon arrival at the destination, and delivered to the consignee by truck, train, or other means of transport. However, in some cases, it is not necessary to have a document of title supporting the ownership of goods. Claused bill of lading.

Bill of Lading types. The bill has a clause which shows that there is damage to the consignment or that a part of the. Container bill of lading. This is also termed.

A uniform bill of lading is an agreement between an exporter and a carrier regarding property to be transported. The uniform bill of lading provides basic information about the shipment such as the. Open bill of lading. In this document, the.

A bill of lading is documentation stating the terms of the agreement between the shipper and delivery company. It specifies the terms, agreements and condition of the carriage. The bill is also used as a shipment receipt when the carrier delivers goods at the predetermined destination. Each variation of the bill of lading provides a different level of protection for the shipper, and shippers will pick the one that they are most comfortable with.

In addition, the specific nature of some shipments, like those moving on a letter of credit, may require that you use original bills of lading. Order bill of lading – used when the goods are being shipped before they’re paid for.

Further, this legally binds the shipowner and. Clean BL: After, loading. The waybill is the invoice that also accompanies the goods from shipper to final destination. Types of bill of lading 1. An order bill is one in which the goods are consigned to the order of a named party.

An ocean bill of lading is a document required for the transportation of goods overseas across international waters. We will cover each one of them below. Secondly, the bill of lading should be accepted as the receipt of the transportation of your goods.

Each type serves the same purpose but in a specific manner. Included on the bill of lading is the type and quantity of goods being shippe and information as to destination of the shipment. The bill of lading also doubles as a receipt for the receiver of the product, once the product has been delivered. To explore this concept, consider the following bill of lading definition.

There are two basic types of bills of lading.