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Bill of Lading

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BoatWiki - Definitions

Definition

A bill of lading can be defined as the receipt a carrier provides to the shipper for the items to be transported. It describes the items, their destination, and the respective parties.

Meaning

This document accompanies the shipped items and must be signed by the carrier, shipper, and receiver. It can also function as interim evidence of ownership pending the issuance of a formal title.

Context

Bills of lading come into play when boats are shipped from the factory or transported on behalf of the owner. With factory shipments, it may also be accompanied by the Manufacturer's Statement of Origin or Builder's Certification.

Conclusion

Bills of lading are legal documents that define the terms of shipment. With regard to major items such as boats or yachts, this may have considerable ramifications. Lots of things can go wrong in loading, transit, and off-loading. The parties should accordingly consult with a qualified attorney if there are any such concerns.

Credits and References

4/18/2022 - Page initiated by Team BoatWiki.

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