Bill of exchange is a very important document for export-import. Here is a detailed ppt.

1. Bill of Lading
BY
Sumi Mohan

2. Bill Of Lading
• A bill of lading (BL or BoL) is a legal
document issued by a carrier to a
shipper that details the type, quantity and
destination of the goods being carried. A
bill of lading also serves as a shipment
receipt when the carrier delivers the
goods at a predetermined destination.

3. Roles of bill of lading
• The contract of carriage
• To transfer freight required details about
loading port, destination port, and regulations
mentioned in this paper.
• The Bill of lading is a simple contract between
buyer and seller.
• BOL is a negotiable instrument and can be
endorsed to the third party without any
restriction.
• Receipt of carriage
• Details, number of loaded products & cost on
freight services.
• Title of goods
• Required names for receiving party mentioned
on the bill of lading.
• This allows the holder to further transfer the
products to someone else.

4. Who issues a bill of
lading?
• The bill of lading issued by the freight forwarder or shipping
agent after properly acknowledging the freight receipt.
• Carrier or agent is responsible for the loss & profit during
cargo transfer & consignee is the other party mentioned on
air waybill for which shipment is committed.
• But keep one thing in mind authorization of carrier or
shipping agent must be crystal clear.

5. Negotiable
BoL
vs
Non-
Negotiable
BoL
Negotiable Non-Negotiable
Delivery to whoever
possess the BOL
Fixes a specific
consignee
Gives Ownership Doesn't serve
ownership
Buyer/ Agent should
acquire the original
copy.
Copy of original and
assigned agent can
claim the
consignment by
confirming identity

6. Type Of BoL- Based on Execution
STRAIGHT OPEN BEARER OF
BILL
ORDER BILL

7. What Is Contained In A Bill Of
Lading?
• Details of the transportation company (i.e. the carrier), the
shipper and/or consignee
• The place where the goods were loaded
• Destination
• Transportation mode
• The terms of the shipment (incoterms)
• A description of the goods being carried (including their weight,
dimensions, classification, etc).

8. Contents
of
bill of lading
form
• The Bill of Lading NO
• Shipper
• Consignee
• Notify party
• Name of vessel or container
• Place of receipt
• Port of loading
• Port of Discharge
• Place of Delivery
• Description of goods
• Number and kind of package
• Shipping marks
• Gross weight
• Freight & Charges Detail
• Temperature Control
• Freight forwarder or agent signature
• Terms and conditions of