The importance of the bill of lading in shipment of goods and merchandise
The bill of lading could be considered the most important document for shipping of goods and receiving them. Without this particular receipt, it is almost imposable to maintain or conclude any transaction details or keep a track of the goods shipped out and delivered. A blank bill of lading has three important purposes and it includes evidence of the contract, receipt of the goods and document title of the goods.
Kinds of bills of lading
Now there are three types of these bill and they include the straight bill, seaway bill and the negotiable bill of lading. Apart from this there can be four kinds of ways in which a bill could be titled such as port to port bill, combined transport bill, multimodal and intermodal transport bill and the through bill of lading. Each term and title and way of different than the other but they all require the same details and information to be filled in. The blank bill of lading is the crucial piece of receipt that one cannot do without.
This serves as a guarantee that the exporter has received his money and the importer has received the purchase or the merchandise. This is required especially when there is a carrier involved in the process prior to the payment of the price and the receiving of the merchandise. This documentation is to be present with the shipped goods and once it has reached it place or destination of reporting then it is essential that it is signed by the representative of the receiver.
Thus whether you are the dealer or the receiver be sure to have the bill of lading to guarantee your purchase.