A brief description of Bills of Lading

Bill of Lading

This is a speciment of a bill of lading form which is used as a primary voyage charterparty contract for every sea transportation today. Its primary functions are :
  1. it is very good evidence of the contract of affreightment, though not the contract itself,
  2. it is a receipt for the goods shipped and contains certain admissions as to their quantity and condition when put on board,
  3. it is a document of title, without which delivery of the goods cannot normally be obtained,
  4. it can be used as a 'quasi negotiable' instrument.

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