What is the bill of lading? How many waybill currently?

What is the bill of lading? What is the function of the bill of lading? What types of bill of lading are there? All of the above questions will be answered in this article. Stay tuned now!

What is the bill of lading?

Bill of lading (also known as border bill of lading, air waybill, rail waybill, etc.) is a type of transport document issued by the carrier or the captain / agent of the carrier. signed after goods were loaded onto the ship.

Functions and effects of bill of lading

1. Functions of bill of lading:

The bill of lading is the receipt of the carrier to confirm receipt of freight. The carrier now delivers to the person who first presents the valid sea waybill which they have drawn at the port of loading.
Bill of lading is evidence to help confirm the contract of transport was signed and specify the content of that contract. As a result, the legal relationship between the carrier and the shipper is determined. In particular, especially the legal relationship between the carrier and the consignee.
Bill of lading is a document confirming ownership of the goods listed on the bill of lading. With this function, the bill of lading is a valuable paper, used to pledge, trade, transfer.

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2. Effects of bill of lading:

Bill of lading is used as a basis to determine the quantity of goods sent to the buyer by the seller, based on which to record, record and track the contract performance.
Used as a basis for customs declaration, import and export procedures.
The bill of lading is used to document the pledge, sale or transfer of goods.
Document the commercial invoice in the set of documents that the seller sends to the buyer (or bank) to pay for the goods.

Types of bill of lading

Bill of lading will be classified based on:

1. Based on the way of transferring the ownership of goods stated in the bill of lading:

Bill of lading (straight bill of lading).
Bill of lading by order (to order bill of lading).
Bill of lading presented (to bearer bill of lading).

2. Based on the way of approving the bill of lading:

Perfect bill of lading (clean bill of lading).

The bill of lading is not perfect (unclean bill of lading).

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3. Based on transportation:

Bill of lading through (through bill of lading).
The bill of lading goes straight (direct B / L).

4. Based on the comparison of the time of issuance of bill of lading with the time of loading onto board:

Bill of lading has been queued (shipped on board B / L).
Bill of lading to receive goods (received for shipment B / L).
Bill of lading is delayed (stale B / L).
Bill of lading under charter party charter (charter party B / L).

5. Bill of lading used in multimodal transport.

6. Bill of lading of the forwarder (house bill of lading - HBL).

Hopefully with the sharing of knowledge related to the bill of lading above. You have gained yourself a lot of useful information and knowledge. If you want to find a professional logistics service provider, please contact LEC GROUP today!

LEC GROUP

Head Office: Road 4, Phu My 1 Industrial Zone, Phu My Ward, Phu My Town, Ba Ria - Vung Tau, Vietnam.

Add: No. 28 Thao Dien Street, Thao Dien ward, District 2, Ho Chi Minh City, Viet Nam.

Hotline: (+84) 909 800 136 & (+84) 901 388 136.

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