understanding Bill Of Lading.pptx - Bill Of Lading A bill...

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Bill Of Lading' A bill of lading is a legal document between the shipper of goods and the carrier detailing the type, quantity and destination of the goods being carried. The bill of lading also serves as a receipt of shipment when the goods are delivered at the predetermined destination. This document must accompany the shipped goods, no matter the form of transportation, and must be signed by an authorized representative from the carrier, shipper and receiver.
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What is a bill of lading? A bill of lading is a legal document that shows that cargo has been received by a carrier for shipment. Sometimes abbreviated as B/L or BOL, a bill of lading is essentially a receipt that shows the carrier has received the cargo that is intended for shipment. The bill of lading also acts as a receipt for when the goods are delivered to the receiver. When the goods are received, the receiver uses the bill of lading to verify that all goods that were meant for shipment have in fact arrived . The bill of lading also helps ensure that the goods successfully make it from their origin to their destination .
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The bill of lading includes vital information about the goods that are being shipped. Some of the information included on a bill of lading will be details about the type and quantity of the goods being shipped, as well as their destination. This information is important for helping the shipper, receiver, carrier verify that the goods left their origin point and arrived at their destination intact and in full.
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Why is a bill of lading important? Because goods travel vast distances, shippers, receivers, and carriers All need assurances that those goods will not be tampered with or stolen during their passage.
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