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An example of a bill of lading. A bill of lading must be transferable, [4] [b] and serves three main functions: it is a conclusive receipt, [5] i.e. an acknowledgement that the goods have been loaded; [c] and; it contains, or evidences, [d] the terms of the contract of carriage; and; it serves as a document of title to the goods, [6] subject to ...
It contains various rules that govern and otherwise relate to the classification and/or packaging of commodities as well as procedures for the filing and disposition of claims, and procedures governing interline settlements. It also contains the Uniform Straight Bill of Lading, including its terms and conditions. [2]
The Standard Carrier Alpha Code, a two-to-four letter identification, is used by the transportation industry to identify freight carriers in computer systems and shipping documents such as Bill of Lading, Freight Bill, Packing List, and Purchase Order.
A document that describes the contents of a shipment in greater detail than a bill of lading. Commonly used as a checklist during unloading. [13] [14] Operating authority Motor carriers for-hire must apply for the authority to engage in interstate commerce with the Federal Motor Carrier Safety Administration. [5] Oversize load
The Uniform Bills of Lading Act was adopted in 1909 and passed by the U.S. Uniform Law Commission.The act addressed the judicial and legislative treatment of issues such as the extent of the carrier's liability to the consignee of the goods or to the buyer of the bill of lading based upon the carrier's issuance of the bill. [1]
Standard Trading Conditions (STC) are standardized terms imposed by some countries for accepting cargo by shipping lines, airlines and logistics services providers like freight forwarders and customs agents. They are usually printed as the fine print behind the shipping documents like bill of lading, air way bill, or consignment note.
A study on the impact of the adoption of a law aligned to the MLETR in the United Kingdom has quantified the benefits of such adoption. Besides economic benefits, which include up to £224 billion in efficiency savings, adoption of such legislation may reduce the number of days needed for processing trade documents by up to 75%.
A delivery order (abbreviated D/O [1]) is a document from a consignee, or an owner or his agent of freight carrier which orders the release of the transportation of cargo to another party. [2]
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