BILL OF SHIPMENT Meaning and
Definition
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A bill of shipment is a document used in international trade to provide detailed information about a shipment of goods. It serves as proof that the goods have been accepted for shipment and will be delivered to the designated recipient. The bill of shipment is typically generated by the exporter or their freight forwarder and is given to the carrier of the goods.
The document contains essential information about the shipment, including the names and addresses of the exporter and importer, a description and quantity of the goods, the shipment's origin and destination, and any special instructions or requirements for handling the goods. It may also provide details about the carrier, such as the vessel name, voyage number, or flight number.
The bill of shipment serves several crucial purposes. Firstly, it acts as a contract between the shipper (exporter) and the carrier, outlining the terms and conditions of the transport. Secondly, it serves as a receipt to confirm that the goods have been handed over to the carrier in good condition. Lastly, the bill of shipment functions as a document of title, enabling the recipient to claim ownership of the goods upon their arrival at the destination.
The bill of shipment is an important element in international trade, facilitating the efficient movement of goods across borders. It is an essential document for customs clearance, as it provides the necessary information for importing and exporting activities.
Common Misspellings for BILL OF SHIPMENT
- vill of shipment
- nill of shipment
- hill of shipment
- gill of shipment
- bull of shipment
- bjll of shipment
- bkll of shipment
- boll of shipment
- b9ll of shipment
- b8ll of shipment
- bikl of shipment
- bipl of shipment
- biol of shipment
- bilk of shipment
- bilp of shipment
- bilo of shipment
- bill if shipment
- bill kf shipment
- bill lf shipment
- bill pf shipment
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