Bill of Lading

This is a discussion on Bill of Lading within the Law Wiki forum, part of the Create Wiki Article category; A document signed by a carrier (a transporter of goods) or the carrier's representative and issued to a consignor (the ...

Consult Your Own Personal Lawyer Now!
Reply

 

Article Tools Search this Article Rate Article Display Modes
  #1  

Default Bill of Lading

A document signed by a carrier (a transporter of goods) or the carrier's representative and issued to a consignor (the shipper of goods) that evidences the receipt of goods for shipment to a specified designation and person.

Carriers using all modes of transportation issue bills of lading when they undertake the transportation of cargo. A bill of lading is, in addition to a receipt for the delivery of goods, a contract for their carriage and a document of title to them. Its terms describe the freight for identification purposes; state the name of the consignor and the provisions of the contract for shipment; and direct the cargo to be delivered to the order or assigns of a particular person, the consignee, at a designated location.

There are two basic types of bills of lading. A straight bill of lading is one in which the goods are consigned to a designated party. An order bill is one in which the goods are consigned to the order of a named party. This distinction is important in determining whether a bill of lading is negotiable (capable of transferring title to the goods covered under it by its delivery or endorsement). If its terms provide that the freight is to be delivered to the bearer (or possessor) of the bill, to the order of a named party, or, as recognized in overseas trade, to a named person or assigns, a bill, as a document of title, is negotiable. In contrast, a straight bill is not negotiable.

State laws, which often include provisions from the Uniform Commercial Code, regulate the duties and liabilities imposed by bills of lading covering goods shipped within state boundaries. Federal law, embodied in the Interstate Commerce Act (49 U.S.C. [1976 Ed.] § 1 et seq.) apply to bills of lading covering goods traveling in interstate commerce.



How to Update Wiki

The Law Wiki is still very new and so it's a great time to jump in and start updating it and learning how to use it. You really can't mess anything up, because all revisions are stored and can be rolled back by a moderator, so play away and you can help make this a great resource for WORLDLawDirect visitors.


Contributors: top_admin, sandra, wld_wiki
Created by sandra, May 13th, 2008 at 09:49 AM
Last edited by top_admin, May 15th, 2008 at 07:20 AM
0 Comments , 918 Views
Reply

Bookmark & Share



Article Tools Search this Article
Search this Article:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

| More

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Format Your Messages
Add Forum to Google Toolbar
Forum Jump

Similar Threads

Thread Thread Starter Forum Replies Last Post
ER Visit Bill CDJ Other Healthcare Law Issues 0 Sep 4th, 2008 01:30 AM
bill collectors hawks Debt Collection 2 Aug 31st, 2008 09:05 AM
no true bill MISSissippi Law Trials & Sentencing 1 Feb 25th, 2008 10:57 AM
New medical bill 13 months after fully paying bill. Ron Debt Collection 1 Feb 15th, 2008 08:04 AM
Hospital Bill Unregistered Debt Collection 1 Jun 1st, 2007 10:37 AM


Doing business in China? Need legal help or advice? Contact our international and Chinese lawyers 24 hours! WORLD Law Direct offers an experienced team of American and Chinese legal professionals.


All times are GMT -5. The time now is 05:09 PM.