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Showing posts from May, 2019

Bill of lading

— Bill of Lading  (B/L) refers to the transport document issued by a CAREER undertaking the CARRIAGE of goods from point A to point B to the MERCHANT . Note:  a) Carriage  means the whole or any part of the operations and services   undertaken by the Carrier in respect of the Goods..            b) Carrier  means the entity that arranges the carriage of the goods and   issues the Bill of Lading to the Merchant.            c) Merchant  means the entity who owns or has possession of the goods   carried by the carrier.. Merchant may be the   Shipper, Exporter,   Consignee, Receiver of the Goods or any person owning or entitled to   the possession of the goods or the document of title to the goods (bill of   lading and/or anyone acting on behalf of any such person. A Few Definitions 1. Consignee or Importer  : Comp...