A bill of lading is a contract issued by a shipping company to a shipper that details the quantity, type, and destination of the merchandise being shipped. It serves as a receipt for the shipment and can help prevent the theft of the goods being transported. The Bill of Lading (BOL) is a mandatory document to move a cargo shipment. The bill of lading is legally binding and provides the driver and carrier with all the details necessary to process and bill the cargo shipment correctly. The BOL works as a freight service receipt, a contract between a carrier (the party that transports the goods) and the shipper (the party that ships the goods), and it also acts as a document of title.
It is an essential part of the freight shipping process, and understanding how it works is key to ensuring your cargo arrives safely and on time. At ATS, we have been working in the freight industry for more than half a century. During this time, we have been working daily with shippers, carriers and recipients to develop their bills of lading. Whether you are new to transporting cargo or an experienced logistics expert, it's important to understand how BOL works. The bill of lading is used to provide proof that goods have been received by the carrier. It also serves as a contract between the shipper and carrier, outlining the terms of service for transporting goods.
The BOL should be updated regularly to ensure accuracy and prevent any disputes between parties. The bill of lading is an important document for freight shipping as it provides evidence that goods have been received by the carrier. By understanding how it works, you can ensure your cargo arrives safely and on time.