Bill of Lading

A Bill of Lading is a legal document issued by a carrier to a shipper that details the type, quantity, and destination of goods being transported. Key features include:

1. Shipper’s and consignee’s details

2. Vessel name and voyage number

3. Port of loading and discharge

4. Description of goods (type, quantity, weight)

5. Freight charges and payment terms

This document serves as a receipt for the goods shipped, evidence of the contract of carriage, and a document of title to the goods. It is used in international trade to facilitate the movement of goods across borders and to provide a standardized document that all parties in the supply chain can rely on. The Bill of Lading is crucial for customs clearance, payment processing in letter of credit transactions, and as proof of ownership for the goods in transit. It also outlines the carrier’s liability and responsibilities, making it an important reference in case of disputes or cargo claims. This document is essential for ensuring smooth transactions in maritime trade and protecting the interests of both shippers and carriers.