Good afternoon. A Bill of Lading, sometimes abbreviated as B/l or bol, is a document issued by a carrier which details a shipment of merchandise and gives title of that shipment to a specified party. Bills of Lading are one of three important documents used in international trade to help guarantee that exporters receive payment and importers receive merchandise. A straight Bill of Lading is used when payment has been made in advance of shipment and requires a carrier to deliver the merchandise to the appropriate party. An order Bill of Lading is used when shipping merchandise prior to payment, requiring a carrier to deliver the merchandise to the importer, and at the endorsement of the exporter, the carrier may transfer title to the importer's endorsed order. Bills of Lading can be traded as a security or serve as collateral against debt obligations. Bills of Lading have a number of additional attributes, such as onboard received for shipment, clean, and foul. An onboard Bill of Lading denotes that merchandise has been physically loaded onto a shipping vessel, such as a freighter or a cargo plane. The received for shipment Bill of Lading denotes that merchandise has been received but is not guaranteed to have already been loaded onto a shipping vessel. Such bills can be converted upon being loaded. A clean Bill of Lading denotes that merchandise is in good condition upon being received by the shipping carrier, while a foul Bill of Lading denotes that merchandise has incurred damage prior to being received by the shipping carrier. Letters of credit usually will not allow for foul Bills of Lading. The word "lading" means loading, both words being derived from the old English word "gladden". Lading specifically refers to the loading of cargo aboard a ship. However, bills of lading should never be called...
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Free blank straight bill of lading short PDF Form: What You Should Know
Straight Bill of Lading — Short Form 1. File Type: PDF. 2. STRAIGHT BILL OF LADING SHORT FORM STRAIGHT BILL OF LADING. SHORT FORM. (ORIGINAL NOT NEGOTIATED). BOX#: Send freight bill to: Freight Charges: Third Party (must be prepaid). Bill of Lading Form | Printable Template Simply enter your bill of lading details and print. Or print the blank template as a PDF.
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