Documents Used in Transportation
The way bill is an acknowledgement of
receipt of goods for transport by the carrier. The carrier, accepting goods for
transport, issues waybills in the name of the consignors or consignees. It
serves as an evidence of the contract of transport. It is also a document of
tittle of goods. The ownership of goods represented by a waybill can be
transferred by endorsement and delivery of the waybill. If a waybill lost, the
consignee will be allowed to clear the goods from the carrier after he executes
an indemnity bond.
Railway Receipt is an acknowledgement of receipt of goods by the
railway for transporting. It serves as a document of title of goods, viz., it
shows the title of its holders of the goods. It may be issued in the name of
the consignor or consignee. Only on presentation of the railway receipt the
railways will deliver the goods. If railway receipt is lost, the consignees can
obtain the goods from the railway by executing an indemnity bond. Ownership of
the goods can be transferred by endorsement and delivery of the receipt.
When goods are to be consigned in large
quantity, it is advantageous to hire the whole or substantial part of the ship.
The document through which this contract is made is known as ‘Charter Party’
may also be known as ‘Voyage Charter’ or ‘Time Charter’. The person who hires
the ship is known as ‘Charter’. The charter party brings the vessel and crew
under the control of the charters. The charter becomes responsible to the third
parties for the acts of the master and crew of the ship.
Bill of Lading is a document containing the terms and conditions of
the contract of carriage. It is
issued by the shipping company and signed by the captain of the ship. It
acknowledges the receipt of the goods described in it on board the ship. It
also serves as an official receipt of goods. It is a document of title of
goods. The main contents are: Name of Exporter, name of the ship, place of loading,
particulars of goods shipped, port of destination, freight
paid or to be paid, person to whom delivery of goods is to be made, date
etc.
If
the condition of the packages is good,
a clean bill of lading is issued. If some of the packages are found
damaged, a foul or clause bill of lading is issued.
It is a document prepared by the
consignor, which is handed over to the carrier of goods, while transporting
goods through Airways. Air Consignment Note is made out in three original
parts. One is signed by the consignor and marked for the carrier. The second is
signed by both the consignor and the carrier and marked for the consignee
(intended to accompany the goods) and the third is signed by the carrier and handed
back to the consignor after the goods have been accepted.
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