Glossary
Terms & Glossaries of Shipping and Trading
B/L or BOL (Bill of Lading)
A bill of lading is one of the most important documents in the shipping industry. It is a legally binding document providing the driver and the carrier all the details needed to process the freight shipment and invoice it correctly. It is a legal document issued by a carrier to a shipper that details the type, quantity, and destination of the goods being carried. This document must accompany the shipped products, no matter the form of transportation, and must be signed by an authorized representative from the carrier, shipper, and receiver.
A bill of lading is one of the most important documents in the shipping industry. It is a legally binding document providing the driver and the carrier all the details needed to process the freight shipment and invoice it correctly. It is a legal document issued by a carrier to a shipper that details the type, quantity, and destination of the goods being carried. This document must accompany the shipped products, no matter the form of transportation, and must be signed by an authorized representative from the carrier, shipper, and receiver.
Key takeaways:
The bill of lading (BOL) works as a receipt of freight services, a contract between a freight carrier and shipper and a document of title.
The bill of lading is a legally binding document providing the driver and the carrier all the details needed to process the freight shipment and invoice it correctly.
It acts as a receipt and shipping label for LTL freight shipments and has all the details of what you’re shipping, the origin and the destination.
It states what goods are being shipped, where the shipment is coming from and where it’s headed to.
The Bill of Lading is only issued after vessel departure from the Port of Loading.
What's in a bill of lading?
1.Names and addresses
2.Purchase orders or special reference numbers
3.Special instructions
4.Date
5.Description of items
6.Packaging type
7.Department of Transportation hazardous material designation
Types of Bill of Lading:
Switch Bill of Lading
Clean Bill of Lading
Received for Shipment Bill of Lading
Through Bill of Lading
Clause Bill of Lading (or Dirty Bill of Lading or Foul Bill of Lading)
Container Bill of Lading
House Bill of Lading (or Forwarder's Bill of Lading)
The difference between Airway Bill and Bill of Lading:
An air waybill (AWB), also known as an air consignment note, is a type of bill of lading. However, an AWB serves a similar function to ocean bills of lading, but an AWB is issued in non-negotiable form, meaning there's less protection with an AWB versus bills of lading.
Notes:
What do you need to fill in on the Bill of Lading?
1.Date
2.Purchase order #
3.Shipper #
4.Required: Please select service type
5.Optional: (guaranteed shipping options)
6.Shipper section
7.Consignee section
8.Optional or additional service fees and charges*
9.Shipper’s Bill of Lading #
10.Custom delivery window
11.Special instructions
12.Bill freight charges to
13.Freight charges are prepaid unless marked collect.
14.C.O.D. amount section
15.Remit C.O.D. to
16.Handling Units (H/U)
17.H/U pkg. type
18.Pieces
19.HM(X)
20.Kind of package, description of articles, special marks and exceptions
21.Weight in lbs.
22.NMFC item number
23.Class
24.Cube (optional)
25.Total H/U
26.HM emergency contact section
27.Note (1)
28.Note (2)
29.For international shipments indicate broker name, fax and phone numbers section
30.For freight collect shipments
31.Shipper certification
32.Carrier certification section