Bill of Lading – what is it?
The Bill of Lading is a commercial document that confirms the conclusion of a carriage contract and the acceptance of goods for transport by the carrier. It serves as evidence of a transport agreement, a certificate of receipt of goods by the carrier, and in certain circumstances, a document of value. The Bill of Lading is essential in domestic and international transport, regardless of the mode of transport (road, rail, sea, air).
Most commonly asked questions
What does the Bill of Lading contain?
The Bill of Lading includes a range of important information, such as:
- Details of the sender, carrier, and receiver.
- Place and date of loading, and destination.
- Description of the goods, their quantity, type of packaging, and any markings.
- Instructions concerning transport, such as temperature requirements or other special instructions.
- Information regarding transport costs and any additional fees.
Who prepares the Bill of Lading?
Typically, the sender (or its representative, e.g., a freight forwarder) prepares the Bill of Lading and hands it over to the carrier when the goods are received. Upon acceptance of the goods for transport, the carrier confirms this by signing the Bill of Lading.
What is the role of the Bill of Lading?
The Bill of Lading serves several key functions:
- It provides evidence of a transport agreement between the sender and the carrier.
- It serves as proof of receipt of goods by the carrier.
- In some cases, it can act as a document of value, allowing the transfer of rights to the goods through its transfer or endorsement.
- In the event of disputes or claims, the Bill of Lading is a key document in the resolution process.
