According to Perry Mandera, founder, owner and president of North Lake, Illinois based transportation and logistics service firm The Custom Companies, Inc., a bill of lading is of great importance and has a very significant purpose. Mandera, who has been involved in the transportation industry for over 40 years, said a bill of lading has three essential purposes. It’s evidence a company has a contract of carriage, it’s a receipt of goods and it’s also a document title for the goods. This document helps ensure smooth operation of the shipping chain. Follow Perry Mandera on linkedin.com.
Contract Of Carriage
As a contract of carriage, a bill of lading is often used in litigation to address questions related to shipping. It ensures a seller’s parameters are met when a carrier possesses cargo it has been contracted to deliver. Should the bill of lading be incorrectly filled out, criminal charges can be brought against the carrier.
Receipt Of Goods
A bill of lading is proof cargo to be shipped has been received by the carrier. The document can also prove the cargo was in good condition when the carrier received it. If a buyer receives damaged goods, the seller can use the bill of lading to determine whether the manufacturer or the carrier was at fault.
Title To Goods Transported
With a bill of lading the holder can transfer the right to claim transported goods to another party. This power is helpful in negotiations in some cases. The carrier can hold the bill of lading until they receive full payment for their services. They can also transfer those rights to another party to ensure the goods are delivered.
Perry Mandera became involved in trucking while a U.S. Marine reservist. At age 23, he started a transportation company. Five years later, he sold it and started The Custom Companies. Mandera’s company was the first in the trucking industry to offer full service transportation when it was started in 1986.
The Custom Companies offers it clients local cartage, LTL, truckload and airfreight service. The company has set the trucking industry standard for reliability, dependability, affordability and world class service. Visit Blogwebpedia website to know more about Perry Mandera.