9170 trinity dr,
Lake in the hills, IL, 60156

QUser Question

What is the Bill of Lading?

When my vehicle is picked up there is a bill of lading... what is it?



A
Answers

Bill of Lading Details
  • Contractual Agreement:
    • Legal Document: The BOL is a legally binding document that outlines the terms and conditions of the transport agreement. It details the responsibilities of both parties (the shipper and the carrier) and confirms the agreed-upon terms for shipping your vehicle.
  • Contents of the Bill of Lading:
    • Shipper and Carrier Information: Includes the names, addresses, and contact details of both the shipper (you) and the carrier (shipping company).
    • Vehicle Details: Describes the vehicle being shipped, including make, model, year, VIN (Vehicle Identification Number), and mileage.
    • Pick-Up and Delivery Locations: Specifies the addresses where the vehicle will be picked up and delivered.
    • Condition Report: Details the condition of the vehicle before shipping, including any existing damage. This is typically documented with notes and photographs taken during the pre-shipment inspection.
    • Shipping Costs: Includes information about the cost of shipping and any additional fees or charges.
    • Terms and Conditions: Outlines the rights and responsibilities of both parties, including insurance coverage, handling procedures, and claims processes.
  • Purpose of the Bill of Lading:
    • Proof of Shipment: Acts as proof that the vehicle has been handed over to the shipping company and is in their possession for transport.
    • Condition Verification: Serves as a record of the vehicle’s condition at the time of pick-up, which is crucial for resolving any disputes about damage that may occur during transit.
    • Reference for Claims: In the event of damage or loss, the BOL is used to file insurance claims and resolve issues, as it provides evidence of the vehicle’s condition and the agreed-upon shipping terms.
  • Types of Bill of Lading:
    • Straight Bill of Lading: Non-negotiable, meaning it cannot be transferred to another party. It is typically used when the vehicle is being shipped to a specific recipient and not sold during transit.
    • Order Bill of Lading: Negotiable and can be transferred to another party. This type is used if the vehicle is being sold or transferred to a different party during transit.
  • Process Involving the Bill of Lading:
    • Before Pick-Up: You and the shipping company agree on the terms and prepare the BOL.
    • At Pick-Up: The vehicle is inspected, and the BOL is completed, noting the vehicle’s condition. Both you and the driver sign it.
    • During Transit: The BOL remains with the carrier and is used to confirm that the vehicle is being transported as agreed.
    • At Delivery: The BOL is used to verify that the vehicle has been delivered in the same condition it was picked up. You’ll review the condition report and sign the BOL to acknowledge receipt.


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