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An electronic bill of lading (or eB/L) is the legal and functional equivalent of a paper bill of lading. [27] An electronic bill of lading must replicate the core functions of a paper bill of lading, [28] namely its functions as a receipt, as evidence of or containing the contract of carriage and as a document of title. [citation needed]
FOB destination or FOB destination, freight prepaid DAP destination A related but separate term "CAP" ("customer-arranged pickup") is used to denote that the buyer will arrange a carrier of their choice to pick the goods up at the seller's premises, and the liability for any damage or loss belongs to the buyer.
In some cases, a single document may serve both purposes. In general, a bill of lading serves as a legal instrument focusing on and documenting such issues as ownership, whereas a cargo manifest is often more concerned with physical aspects of the cargo, such as weight and size. When the cargo is being shipped by several different shipping ...
An air waybill (AWB), also known as an air consignment note, is a type of bill of lading. By accepting a shipment, an IATA cargo agent is acting on behalf of the carrier whose air waybill is issued. Air waybills have eleven digit numbers, called AWB numbers, which can be used to make bookings, check the status of delivery, and a current ...
The seller must also turn over documents necessary, to obtain the goods from the carrier or to assert claim against an insurer to the buyer. The documents include (as a minimum) the invoice, the insurance policy, and the bill of lading. These three documents represent the cost, insurance, and freight of CIF.
Companies handling domestic freight in the United States by road must be registered with the U.S. Department of Transportation's Federal Motor Carrier Safety Administration. [26] Such forwarders are "carriers" who accept freight for transport and are liable for delivering the freight under their own bill of lading. [27]
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