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. Inland Bill Of Lading

    A legal document required for the transportation of materials ...
  3. Assembly Service

    Combining a number of small shipments from multiple parties into ...
  4. Delivered Duty Paid - DDP

    In a delivered duty paid transaction, the seller is responsible ...
  5. Private Carrier

    A private carrier is a company that uses its own fleet to deliver ...
  6. Common Carrier

    A common carrier is a commercial entity that gets paid to transport ...
Related Articles
  1. Investing

    PC Market Grows for the First Time Since Q1 2012

    IDC says that PC shipments grew for the first time in five years last quarter, boosted by healthy demand for more compact offerings and a replacement cycle.
  2. Investing

    Worldwide PC Shipments Struggle in Q1

    But light at the end of the tunnel can be seen in the possible start of a upgrade cycle.
  3. Insights

    American Airlines Uniform Manufacturer Speaks Out About Complaints (AAL)

    The manufacturer behind American Airlines’s new uniforms penned a letter saying that, despite complaints, its uniforms are safe to wear.
  4. 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.
  5. Investing

    iPhone X Sales Could Be 20% Above Expectations: KGI

    KGI Securities raised their shipment estimates, saying they will be as much as 20% higher in Q4.
  6. Investing

    Nintendo Raises Switch Shipment Target Amid Strong Demand

    Nintendo raised its Switch shipment targets to 14 million units from 10 million units for its fiscal year ending in March.
  7. Financial Advisor

    Series 66 Exam Prep: The Uniform Securities Act

    Before you take the series 66, you need to understand the Uniform Securities Act and the Blue Sky Laws.
  8. Investing

    How To Analyze The Transportation Industry

    By gaining an awareness of the transportation firms and trends that affect these players, investors can gain an edge by analyzing the sector and looking to profit from understanding it.
  9. Investing

    Top 3 Transportation ETFs for 2018

    Three ETFs for investors seeking exposure to the transportation sector.
  10. Trading

    The U.S. Dollar's Unofficial Status as World Currency

    Discover how and why the U.S. dollar emerged as official currency in many foreign countries.
RELATED FAQS
  1. 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 >>
  2. 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 >>
  3. What is the best software for managing bills of lading?

    Discover the best software programs to manage bills of lading to make shipping and tracking simple and convenient, and consider ... Read Answer >>
  4. Shipping Freight: CFR versus CIF

    In shipping freight, find out about the difference between cost and freight (CFR) and cost, insurance and freight (CIF), ... Read Answer >>
  5. What is the difference between legal liability and public liability?

    Discover the differences between a general legal liability, a specific public liability and a professional indemnity in the ... Read Answer >>
Hot Definitions
  1. Initial Public Offering - IPO

    The first sale of stock by a private company to the public. IPOs are often issued by companies seeking the capital to expand ...
  2. Cost of Goods Sold - COGS

    Cost of goods sold (COGS) is the direct costs attributable to the production of the goods sold in a company.
  3. Profit and Loss Statement (P&L)

    A financial statement that summarizes the revenues, costs and expenses incurred during a specified period of time, usually ...
  4. Monte Carlo Simulation

    Monte Carlo simulations are used to model the probability of different outcomes in a process that cannot easily be predicted ...
  5. Price Elasticity of Demand

    Price elasticity of demand is a measure of the change in the quantity demanded or purchased of a product in relation to its ...
  6. Sharpe Ratio

    The Sharpe ratio is the average return earned in excess of the risk-free rate per unit of volatility or total risk.
Trading Center