What is the nature of a bill of lading?

[Starmix]

The nature of the bill of lading has several key aspects that define its role in international trade and transportation. At its core, a bill of lading serves as a formal receipt from the carrier to the shipper, confirming that the goods have been received for transport. It documents the type, quantity, condition, and identifying marks of the cargo. Any discrepancies or damages observed at the time of receipt are noted on the bill of lading. This receipt is crucial for establishing the carrier’s responsibility for the goods.

The bill of lading embodies a contract between the shipper and the carrier. It outlines the terms and conditions under which the goods will be transported from the point of origin to the destination. These terms typically include: freight charges, liability, delivery terms, and governing law.

 

[Augusta]

Bill of Lading: Gives evidence of the contract of carriage and ownership of goods. It is critical for resolving disputes, claiming insurance etc

 

[Starmix]

Bill of Lading: Gives evidence of the contract of carriage and ownership of goods. It is critical for resolving disputes, claiming insurance etc

Yeah, that is right, mate. It is through the bill of lading that transactions are made legal and indisputable by the two parties, the shipper and the cargo carrier.