is bill of lading binding?
Information on a bill of lading typically includes the names and respective addresses of all parties involved, in addition to the total number of shipping units, type of packing used and the value of the shipment. The bill of lading serves as a legally binding document between the shipper and carrier. For example, a California-based car company shipping a truckload of cars to a car company in Massachusetts would require a bill of lading. An ocean bill of lading follows a similar structure to that of a normal bill of lading, outlining the details and specifics of the shipment. However, an ocean bill of lading specifically handles overseas transportation. For example, a Japan-based car manufacturer would require an ocean bill of lading for sending a freight shipment to a dealership based in the United States. It should also be noted that in addition to an ocean bill of lading, an inland bill of lading is required if a shipment must first travel on land to reach its shipper for overseas transportation.