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Bills of Lading
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What is a Bill of Lading?
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A Bill of Lading is a commercial shipping document which serves three
distinct purposes in connection with the carriage of goods. An itemised
list of goods contained in a shipment. It is also a receipt from Carrier
for the goods, represents the contract for carriage and serves as a
document of title.
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What is the difference between a negotiable and non-negotiable Bill of
Lading?
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| * Negotiable Bill of Lading - Also known as Order Bill of
Lading is a negotiable document by which a transportation line
acknowledges receipt of freight and contracts for its movement. The
surrender of the original straight bill of lading, properly endorsed, is
required by transportation lines upon delivery of the freight, in
accordance with the terms of the bill of lading.
* Non-Negotiable Bill of Lading - Also known as Straight Bill
of Lading is a non-negotiable document by which a transportation company
acknowledges receipt of freight and contracts for its movement. The
surrender of the original straight bill of lading is not required by
transportation lines upon delivery of freight, except when necessary for
the purpose of identifying the consignee. |
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What is a clean Bill of Lading?
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A clean bill of lading is received by Carrier for merchandise in good
condition which does not bear such notation/remarks as ''Shipper Load and
Count'' etc.
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What is an exchange Bill of Lading?
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It is a bill of lading issued in exchange for another bill of lading.
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What is a WayBill?
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A WayBill is a description of goods sent with a common carrier freight
shipment.
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Documentation
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What is a notice of arrival?
A notice of arrival is a notice given to the consignee advising
consignee about the arrival of freight.
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What is a shipping order?
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A shipping order is the carrier's copy of the bill of lading.
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What is a memorandum Bill of Lading?
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A memorandum bill of lading is the third part of a multiple set bill of
lading.
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Frequently used Terminology
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What is an advanced charge?
An advanced charge is the amount of freight or other charge on a
shipment advanced by one transportation line to another, or to the shipper
to be collected from the consignee.
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What is Free Time?
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The period allowed to the owner to accept delivery before storage charges
begin to accrue.
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What is Freight?
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Freight is the merchandise carried and or hauled by a transportation line.
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What is a Freight Forwarder?
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A freight forwarder is one who assembles small shipments into one large
shipment which is then tendered to a regulated carrier.
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What constitutes a Hazardous Material?
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A hazardous material is a substance or material which has been determined
by the Department of Transportation to be capable of posing an
unreasonable risk to health, safety and property when transported. A
complete listing of hazardous material can be found in 49 CFR 172.101.
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What is a Bailment?
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A bailment is a contract which allows Carrier to take possession of goods
without ownership.
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What is a Bonded Warehouse?
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A bonded warehouse is a warehouse approved by Customs and utilised for the
storage of goods until such time that duties are paid or goods are
otherwise properly released.
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What is the meaning of Freight Pre-Paid and Freight Collect?
* Freight Pre-paid - Is a term denoting that transportation
charges have been paid or are to be paid at the point of shipment.
* Freight Collect - Is a term denoting that transportation
charges have been paid or are to be paid at final point of destination.
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What is a Lien?
A lien is a legal claim upon goods for the satisfaction of debt or
duty.
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What is the meaning of Over, Short and Damaged?
Over, Short and Damaged is a term used to describe a shipment that has
been damaged or lost in transit or that arrives with more containers than
originally shipped.
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What is the meaning of Shipper Load and Count?
The process by which the shipper places goods into Carrier's trailer at
his own site. With shipper load and count there is no opportunity for
joint check of the goods by shipper and carrier. The shipper is
responsible for the proper loading and verification of the goods being
shipped.
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What is a Dead Head?
Dead Head is movement of freight without charges or else movement of
empty trailers.
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What is Dunnage?
Dunnage is the material used to protect or support freight in or on
trucks.
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What is Tare Weight?
Tare weight is the weight of a container and the material used for
packing.
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What is a UN number?
A UN number is a four-digit number assigned to hazardous material
required by the DOT for highway transportation, by IMDG for water transit,
and by ICAO for air transit. It is used to help designate the emergency
response procedure in the event of a spill or release.
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Equipment
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What is a High Cube?
A high cube is a container with above average cubic capacity.
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What is a Flat Bed?
A flat bed is a semi-trailer with no sides and with floor of unit at a
standard height from the ground.
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What is a Low Boy?
A low boy is a semi-trailer with no sides and with floor of the unit
close to the ground. Usually used in the transportation of heavy machinery
or large objects.
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What is an Open Top?
An open top is a container with sides but no roof.
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What is a Semi-Trailer?
A semi-trailer is a vehicle without motive power designed to be drawn
by another vehicle and so constructed in a manner that part of its weight
and that of its load rests upon or else carried by a towing vehicle.
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