These lading services sometimes are offered by the shipping company along with the shipping equipment. This is a next step of shipping services. It’s important to note that the carrier must receive payment of the shipping charges (by either party) BEFORE they will release the cargo to the Consignee.Bill of lading is made when a shiped order gets at its destination and the things are unloaded. If the shipment has been sent on Freight Pre-Paid terms, the shipper will be billed for the freight charges. If the shipment is sent Freight Collect – the freight charges will be ‘collected’ by the Consignee. These terms relate to which party will be paying for the International Freight costs. The B/L will state that the shipment has been sent on ‘Freight Collect’ or ‘Freight Pre-Paid’ terms. What is the difference between Freight Collect and Freight Pre-Paid? There are many types of Bill of Lading documents and formats that carriers can issue along the supply chain. Documents can be downloaded as PDF or CSV which can be imported into other systems without manual re-entry.Ĭreate in IncoDocs Your questions, answered. * Only the consignee listed on the Bill of Lading has contractual rights to request the release of the cargo.ĭownload or share documents from IncoDocs in 1-click. Doing this prevents the Consignee from accessing their goods until payment has been made and the Bill of Lading has been released. In some cases, the Shipper can withhold the Bill of Lading until having received payment from the Consignee. The owner of the cargo (the holder of the B/L) has the legal rights to claim the goods or arrange transfer ownership of the cargo to another party in the supply chain. It acts as proof of delivery, confirming that the goods were received in an acceptable condition and are ready to be shipped.Ī Bill of Lading also serves as proof of ownership over the goods being carried. It serves a few critical roles within an export shipment:Ī Bill of Lading is essentially a contract of carriage between the Shipper, Consignee, and Carrier stating the terms and conditions of carriage. A Bill of Lading (B/L or BoL) document is an extremely important document that the Carrier (the company responsible for the transport of goods) issues to the Shipper (the Consignor).
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