A bill of lading is perhaps the single most important document for a trucking company. Not only is it legally required, but it must be fully completed before a freight shipment can even get underway. If one is filled out incorrectly from the outset, it could delay a shipment and cost the company quite a bit of money. To ensure that this does not happen, consider the following easy guide to the completing bill of lading forms.
A trucking bill of lading form serves three main functions. The first of these is to act as a receipt of goods. The bill of lading is first issued by the carrier and given to the shipper. This is done in exchange for actually receiving the cargo. It also serves as evidence that the carrier has received the merchandise in good condition. The second important function is that the bill of lading is intended to be evidence of a contract existing between the carrier and shipper. This allows the cargo to be shipped as originally agreed upon. Finally, the bill of lading is also meant to be the document that confirms the title to the goods.
Within every bill of lading, some essential information does need to be included. Among these items are:
Not all bills of lading are created equal. There are 5 types that are most commonly used today. They are:
Understanding the need for a bill of lading will help your trucking business conform to existing regulations. This will make you more profitable in the long run, all the while streamlining your operations.
Learn more about the bill of lading forms here:
Posted on January 18, 2017