Significance of Bill of Lading for Exporters


Significance of Bill of Lading for Exporters

(a) It is a contract between the shipper and the shipping company for the carriage of goods to the port of destination

(b) It is an acknowledgement indicating that the goods mentioned in the document have been received on board for the purpose of shipment.

(c) A clean bill of lading certifies that the goods received on board the ship are in order and good condition.

(d) It is also useful for claiming incentives and assistances offered by the government to exporters.

(e) The exporter can claim damages from the shipping company if goods are lost or damaged after the issue of a clean bill of lading.


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