Bill of Lading definition, type and serve as what

"Bill of Lading"

"definition "
The Bills of Lading evidences freight to be carried from a named place or port mention on the face of document.
The Bill of Lading is prepared by the Carrier based on the instruction received from the merchant (Shipper/consignee)



"the bill of lading serve as ... "

#. Receipt for Goods
the bill of lading  (B/L) is document by which a carrier acknowledges the receipt of goods for shipment

#. Document of Title
the bill of lading (B/L) is a document which serve as a document of title to the goods shipped, its represent title of the goods and can transfer the ownership of the goods.

#. Contract of Carriage
the bill of lading (B/L) is a document which that establish the term of carriage between shipper (merchant)  and carrier  (Shipping line/NVOCC).  merchant can be named direct shipper or consignee or NVOCC.



"type of Bill of Lading"

• Shipped on Board B/L : B/L issued when the goods have been actual placed aboard the vessel and carrier confirm it accordingly.
• Received for shipment B/L : good have been received but not loaded on board the vessel. a received for shipment B/L only be accepted under a letter of credit if stipulated therein;.
• On Deck B/L : usually it's for break-bulk cargo that can not be containerized. on deck B/L states that the cargo has been stowed on deck.
• Clean B/L : clean B/L not contain of clauses or notation of the condition of goods or their packaging.  carrier will usually not agree to issue a clean of B/L for liability reason.  clean B/L most commonly required when Letter of credit involved