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A bill of lading ( / ˈleɪdɪŋ /) (sometimes abbreviated as B/L or BOL) is a document issued by a carrier (or their agent) to acknowledge receipt of cargo for shipment. [ 1] Although the term is historically related only to carriage by sea, a bill of lading may today be used for any type of carriage of goods. [ 2]
Admiralty law. A manifest, customs manifest or cargo document is a document listing the cargo, passengers, and crew of a ship, aircraft, or vehicle, for the use of customs and other officials. [ 1] Where such a list is limited to identifying passengers, it is a passenger manifest or passenger list or bag manifest; conversely, a list limited to ...
The Incoterms or International Commercial Terms are a series of pre-defined commercial terms published by the International Chamber of Commerce (ICC) relating to international commercial law. [ 1] Incoterms define the responsibilities of exporters and importers in the arrangement of shipments and the transfer of liability involved at various ...
WASHINGTON (Reuters) -President Joe Biden on Thursday signed legislation to improve oversight of ocean shipping, which lawmakers say will help curb inflation and ease export backlogs. The ...
e. In a contract of carriage, the consignee is the entity who is financially responsible (the buyer) for the receipt of a shipment. [ 1] Generally, but not always, the consignee is the same as the receiver. If a sender dispatches an item to a receiver via a delivery service, the sender is the consignor, the recipient is the consignee, and the ...
v. t. e. When used in foreign trade, a commercial invoice is a customs document. It is used as a customs declaration provided by the person or corporation that is exporting an item across international borders. [ 1] Although there is no standard format, the document must include a few specific pieces of information such as the parties involved ...
Website. www .spglobal .com /marketintelligence /en /mi /industry /economics-country-risk .html. Port Import/Export Reporting Service ( PIERS) is a trade information service offered by S&P Global Maritime Intelligence. Launched in the mid-1970s, PIERS is considered a pioneer in compiling digital data on global trade.
Definition and functions. A freight forwarder is an entity who co-ordinates and organizes the movement of shipments on behalf of a shipper (party that arranges an item for shipment) by liaising with carriers. [ 3] A carrier is an entity that actually transports goods and may use a variety of shipping modes, including ships, airplanes, trucks ...