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BOL

Bill of Lading (BOL) is a legal document between the shipping carrier and your business stating
the your shipping carrier has received the goods you're shipping with them. For most every type
of shipping there is a unique Bill of Lading layout that provides specific instructions for the
shipping carrier.
A Bill of Lading, in its simplest form, is a receipt. The document states that the carrier has
received the shipment and contains information about the shipper and the receiver. There are
several alternate names and abbreviations for the term "Bill of Lading:"

1) Straight Bill of Lading:
This is typically used when shipping to a customer. The "Straight Bill of Lading" is for
shipping items that have already been paid for. Used where the goods have been paid for
or do not require payment (such as donations or gifts). Under this B/L, the shipping
company will deliver the shipment to its consignee on presentation of an identification.
Also called consignment bill of lading.

2) Ocean Bill of Lading:
Ocean Bills of Lading allows the shipper to transport the cargo overseas, nationally or
internationally. Only the ocean leg of a journey in which several modes of transportation
(air, land, or sea) are used. Also called marine bill of lading.

3) Through Bill of Lading:
Through Bills of Lading are a little more complex than most BOLs. It allows for the
shipping carrier to pass the cargo through several different modes of transportation and/or
several different distribution centers. This Bill of Landing needs to include an Inland Bill
of Landing and/or an Ocean Bill of Landing depending on its final destination. B/L
issued for containerized door-to-door shipments that have to use different ships and/or
different means of transportation (aircraft, railcars, ships, trucks, etc.) from origin to
destination. Unlike in case of a multimodal Bill Of Lading, the principal carrier or the
freight- forwarder (who issued the through B/L) is liable under a contract of carriage only
for its own phase of the journey, and acts as an agent for the carriers executing the other
phases.

4) Stale Bill of Lading:
Occasionally in cases of short-over-seas cargo transportation, the cargo arrives to port
before the Bill of Landing. When that happens, the Bill of Landing is then "stale." B/L
presented to its consignee, or at a bank, after the last date specified in the relevant letter
of credit and which, therefore, is not acceptable as a valid document. According to the
uniform commercial code (UCC), a B/L may be rejected if presented more than 21 days
after the date of arrival of the shipment.

5) Shipped On Board Bill of Lading:
A Shipped On Board Bill of Lading is issued when the cargo arrives at the port in good,
expected condition from the shipping carrier and is then loaded onto the cargo ship for
transport over seas. B/L which certifies that the specified goods have been received in
apparent good order and condition from the named shipper (consignor), and have been
taken aboard the named ship (vessel) on the stated date. Banks funding a shipment
require this type of B/L and not a received for shipment bill of lading. Also called
onboard bill of lading

6) Claused Bill of Lading:
If the cargo is damaged or there are missing quantities, a Claused Bill of Landing is
issued. B/L with adverse remarks or notations (called 'clauses') by the carrier that the
goods received for shipping (or their packaging) look wet, damaged, or otherwise in
doubtful condition, or not of correct quantity. Importers and their banks normally do not
accept foul B/L for payment under a letter of credit. Also called claused bill of lading,
dirty bill of lading, or unclean bill of lading.

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