Bill of lading in the context of "Land bridge (rail)"

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⭐ Core Definition: Bill of lading

A bill of lading (/ˈldɪŋ/) (sometimes abbreviated as B/L or BOL) is a document issued by a carrier (or their agent) to acknowledge receipt of cargo for shipment. Although the term is historically related only to carriage by sea, a bill of lading may today be used for any type of carriage of goods.

Bills of lading are one of three crucial documents used in international trade to ensure that exporters receive payment and importers receive the merchandise. The other two documents are a policy of insurance and an invoice. Whereas a bill of lading is negotiable, both a policy and an invoice are assignable.

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👉 Bill of lading in the context of Land bridge (rail)

A rail land bridge is a route allowing the transport of containers by rail between ports on either side of a land mass, such as North America. Jean-Paul Rodrigue defined a rail land bridge as having two characteristics: First, a single bill of lading issued by the freight forwarder that covers the entire journey, and second, the freight remains in the same container for the total transit. One example of a rail land bridge is the Eurasian Land Bridge. A transcontinental railroad can be a type of land bridge.

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Bill of lading in the context of Factor (agent)

A factor is a type of trader who receives and sells goods on commission, called factorage. A factor is a mercantile fiduciary transacting business that operates in their own name and does not disclose their principal. A factor differs from a commission merchant in that a factor takes possession of goods (or documents of title representing goods, such as a bill of lading) on consignment, but a commission merchant sells goods not in their possession on the basis of samples.

Most modern factor business is in the textile field, but factors are also used to a great extent in the shoe, furniture, hardware, and other industries. The number of trade areas in which factors operate has increased. In the United Kingdom, most factors fall within the definition of a mercantile agent under the Factors Act 1889 (52 & 53 Vict. c. 45), and therefore have the powers of such. A factor has a possessory lien over the consigned goods that covers any claims against the principal arising out of the factor's activity.

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Bill of lading in the context of Break bulk cargo

Break-bulk, breakbulk, or break bulk cargo, also called general cargo, are goods that are stowed on board ships in individually counted units. Traditionally, the large numbers of items are recorded on distinct bills of lading that list them by different product. This is in contrast to cargo stowed in modern intermodal containers as well as bulk cargo, which goes directly, unpackaged and in large quantities, into a ship's hold(s), measured by volume or weight (for instance, oil or grain).

The term break-bulk derives from the phrase breaking bulk, a term for unloading part of a ship's cargo, or commencing unloading the cargo. Ships carrying break-bulk cargo are often called general cargo ships.

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Bill of lading in the context of Freight forwarder

A freight forwarder or forwarding agent is a person or a company who co-ordinates and organizes the movement of shipments on behalf of a shipper (party that arranges an item for shipment) by liaising with carriers (party that transports goods). The carriers may use a variety of shipping modes, including ships, airplanes, trucks, and railroads, and often use multiple modes for a single shipment. A freight forwarder does not move the goods but acts as an agent in the logistics network and will carry out freight consolidation, rate negotiations, shipment tracking, customs and other documentation, among other tasks. FIATA describes a freight forwarder as the "architect of transport".

International freight forwarders typically handle cross-border logistics and have additional expertise in preparing and processing customs documentation and performing activities pertaining to the regulations of different countries. Freight forwarders typically have information with respect to commercial invoice, shipper's export declaration, bill of lading and other documents required by the carrier or country of export, import, and/or transshipment.

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