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BILL OF LADING

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1BILL OF LADING Empty BILL OF LADING Tue Sep 23, 2008 12:34 pm

barrister

barrister
Reclusion Perpetua

BILL OF LADING – written acknowledgment of receipt of goods and agreement to transport them to
a specific place to a person named or his order.

NOTE: It is not indispensable to the creation of a contract of carriage. The contract itself arises from
the moment goods are delivered by shipper to carrier and the carrier agrees to carry them.

The bill of lading serves 3 functions:
1. It is a receipt for the goods shipped
2. It is a contract by which the three parties namely the shipper, carrier and consignee undertake specific responsibilities and assume stipulated obligations; and
3. It is a legal evidence of the contract between the shipper and the carrier. As evidence, its contents shall decide all disputes which may arise with regard to their execution and fulfillment.

NOTE: In the absence of a bill of lading, their respective claims may be determined by legal proofs
which each of the contracting parties may present in conformity with law.

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