DEFINITION of 'Uniform Bill Of Lading'

An agreement between an exporter and a carrier regarding property to be transported. The uniform bill of lading provides basic information about the shipment such as the shipper and recipient's names, and the shipment's origin and destination. In addition, it establishes the terms of the carrier's liability, transport time frame, how to file a claim for a lost or damaged shipment, how insurance will be applied in the event of a claim, and how the shipment may be stored or disposed of if the shipment is refused or is not deliverable.

BREAKING DOWN 'Uniform Bill Of Lading'

The uniform bill of lading also specifies the carrier's liability with regard to specific types of shipments, including documents, coin money, items of extraordinary value and explosives. Additional shipment charges may be assessed if the shipper misrepresents the type of goods being transported.

RELATED TERMS
  1. Through Bill Of Lading

    A bill of lading that allows the transportation of goods both ...
  2. Negotiable Bill Of Lading

    A contract of carriage that can be transferred to a third party. ...
  3. Bill Of Lading

    A legal document between the shipper of a particular good and ...
  4. Assembly Service

    Combining a number of small shipments from multiple parties into ...
  5. Ocean Bill Of Lading

    A document required for the transportation of goods overseas. ...
  6. Sight Draft

    A type of bill of exchange, in which the exporter holds the title ...
Related Articles
  1. Investing

    How to Use a Bill of Lading

    A Bill of lading, sometimes called a BL or BoL, is a legal document between a shipper of a good, and a transporter or carrier. It is often used in international trade. The word “lading” derives ...
  2. Investing

    U.S. PC Shipments Increase but Decline Worldwide (HP)

    The U.S. PC shipments picked up during Q2 2016 while the worldwide shipments continued decline.
  3. Insights

    Global Computer Business Shrinking: Will PCs Make a Comeback?

    Explore the current trends of the global computer business in 2016 with the latest PC shipments statistics, as well as some analyses and forecasts.
  4. Investing

    What does Free Carrier Mean?

    Free carrier is a trade term requiring the seller to deliver goods to a named airport, terminal, or other place where the carrier operates. Costs for transportation and risk of loss transfer ...
  5. Investing

    PC Shipments Expected To Decline 7.3%, (INTC, AMD)

    PC shipments expected to decline more than thought in 2016 according to a new IDC forecast.
  6. Insights

    The Rise of Local Smartphone Vendors in China (AAPL)

    China's smartphone market is getting more and more competitive with the fast rise of local vendors.
  7. Investing

    What's Trade Finance?

    Essentially, trade finance makes it possible and easy for exporters and importers to trade, and its expansion has accommodated a massive international trade growth.
  8. Small Business

    Smartwatch Shipments Declined Last Quarter (AAPL)

    According to IDC, shipments declined by 41% last quarter and are expected to remain low for the rest of this year.
  9. Investing

    HP Boosts Prices in U.K., Blames Brexit

    The U.K. citizens who voted in favor of leaving the European Union, likely didn't expect the Brexit to have such a dramatic, negative impact on their currency. Though the pound has inched up ...
  10. Retirement

    Be An Expat The Easy Way: Relocation Services!

    A good relocation service can greatly ease the stress of moving abroad. Here's what to make sure it does – and what you need to do to prepare the way.
RELATED FAQS
  1. When should I send my master Bill of Lading?

    A master bill of lading firms up the shipment details between the shipper of goods and the transportation provider or the ... Read Answer >>
  2. What is an endorsement in blank on a bill of lading?

    Learn how a bill of lading is an international trading tool and binding contract that ensures owners receive their merchandise ... Read Answer >>
  3. What's the difference between a bill of lading and an ocean bill of lading?

    Understand the difference between a bill of lading and an ocean bill of lading. Both documents serve as receipts for freight ... Read Answer >>
  4. Can I use the same bill of lading for all modes of transportation?

    Find out whether the same bill of lading can be used for all modes of transportation and when to use various types of bills ... Read Answer >>
  5. I have lost my original Bills of Lading. Can I obtain a new set?

    Find out why an original bill of lading cannot be replaced if it is lost or stolen and how a court order must be obtained ... Read Answer >>
  6. How Do I fill out a Master Bill of Lading?

    Learn the key elements behind proper accounting, descriptions and procedures when filling out a master bill of lading for ... Read Answer >>
Hot Definitions
  1. Cover Letter

    A written document submitted with a job application explaining the applicant's credentials and interest in the open position. ...
  2. 403(b) Plan

    A retirement plan for certain employees of public schools, tax-exempt organizations and certain ministers. Generally, retirement ...
  3. Master Of Business Administration - MBA

    A graduate degree achieved at a university or college that provides theoretical and practical training to help graduates ...
  4. Liquidity Event

    An event that allows initial investors in a company to cash out some or all of their ownership shares and is considered an ...
  5. Job Market

    A market in which employers search for employees and employees search for jobs. The job market is not a physical place as ...
  6. Yuppie

    Yuppie is a slang term denoting the market segment of young urban professionals. A yuppie is often characterized by youth, ...
Trading Center