What is a bill of lading?

A bill of lading must be transferable, [b] and serves three main functions: it is a conclusive receipt, i.e. an acknowledgement that the goods have been loaded; [c] and it contains, or evidences, [d] the terms of the contract of carriage; and it serves as a document of title to the goods, subject to the nemo dat rule.

What is a claused Bill of lading?

Also known as a Dirty Bill Of Lading, a Claused Bill of Lading is a shipping document that notes damage, discrepancies, or irregularities in the cargo’s condition or quantity. It records issues observed during loading, transit, or unloading. This document protects the shipper and consignee in disputes or insurance claims.

What are the different types of bills of lading?

Two types of bills of lading you’ll come across at Maersk include: Original bill of lading: The primary document used in sea transport. It functions as evidence of a contract of carriage, transport goods receipt, and a legal title to the goods. To receive the cargo, the buyer (consignee) will need to present the original bill of lading.