Uniform Bill Of Lading

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.

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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. 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 >>
  4. 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 >>
  5. Can I have more than three original Bills of Lading?

    How many bills of lading copies are allowed when importing or exporting? Should I ship by air or sea? What type of bill of ... Read Answer >>
  6. What statements can be used on a Bill of Lading?

    Read about statements that can appear on a bill of lading for items shipped by ocean, land and air as well as some financial ... Read Answer >>
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