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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]
A bill of lading is a legal document used in the transportation industry between a shipper of a particular good and a carrier detailing the type, quantity and destination of the good being transported. This document must accompany the shipped goods and be signed by an authorized representative from the carrier and the shipper.
The Standard Carrier Alpha Code, a two-to-four letter identification, is used by the transportation industry to identify freight carriers in computer systems and shipping documents such as Bill of Lading, Freight Bill, Packing List, and Purchase Order.
They are usually printed as the fine print behind the shipping documents like bill of lading, air way bill, or consignment note. These standard trading conditions state the general contract terms and conditions between the two contracting parties who do a contract of transportation or storage or otherwise handling of goods.
The Bills of Lading Act 1855 (18 & 19 Vict. c. 111) was commendably brief and proved useful, but as time went by certain defects became apparent. [3]The English courts devised some ways round the problem: in Brandt v Liverpool (1924) [4] [5] the concept of implied contracts was developed, although the courts proved reluctant to use this concept. [6]
Image 4: The buyer provides the bill of lading to the carrier and takes delivery of the goods. A letter of credit (LC), also known as a documentary credit or bankers commercial credit, or letter of undertaking (LoU), is a payment mechanism used in international trade to provide an economic guarantee from a creditworthy bank to an
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A document that describes the contents of a shipment in greater detail than a bill of lading. Commonly used as a checklist during unloading. [13] [14] Operating authority Motor carriers for-hire must apply for the authority to engage in interstate commerce with the Federal Motor Carrier Safety Administration. [5] Oversize load