COSCO TRACKING BILL OF LADING DRIVER
COSCO TRACKING BILL OF LADING SOFTWARE

You also use a dirty BOL if a payment discrepancy occurs. On the other hand, a dirty, or claused, BOL is issued when freight does not match the description. In other words, on a clean BOL, the freight matches the description. What is a clean BOL? It’s exactly what it sounds like: You get a clean BOL when a freight delivery doesn’t declare any inconsistencies, defects, or issues with regards to the delivery of goods or packages. A Clean Bill of Lading Is Like a Clean Bill of Health Indeed, much of BOL legal history is based on maritime laws that stretch back hundreds of years. Ocean freight alone has several different types of BOLs. In addition to that, there are several types of BOLs such as an order bill of lading, bearer bill of lading, switch bill of lading and through bill of lading. Going forward, all parties use the bill of lading number when That same number appears on both copies of the BOL. Legality of BOLsĮach BOL is assigned a number. Correspondingly, an authorized individual at the cons will sign off on the freight bills.

COSCO TRACKING BILL OF LADING DRIVER

The driver signs on the carrier’s behalf. Upon delivery, both parties sign both copies. That’s why they’re often called bills of lading.īoth copies of the bill of lading contain the same information. Two signature lines, one for the driver and one for the consĪ bill of lading is actually two pieces of paper.Dimensions (length, width, height, and weight).Packaging type (pallets, boxes, drums, racks, etc.).Depending on the type of BOL, it may include other information as well. You’ll typically find the following information on a BOL. The consignee (or cons) is the the party to whom the goods are shipped and delivered. The carrier then delivers the BOL (along with the freight) to the consignee. This is when the contractual nature of the BOL comes into play. The BOL is issued by the carrier to the shipper once their truck or vessel is loaded with freight. A BOL specifies the type, quantity, and destination of the freight a driver is carrying. To clarify, a BOL is a legal document used between a shipper and a carrier. The term “lading” is derived from the Old English word for “loading.”Īs a refresher the BOL serves three functions: The first thing to remember is that the bill of lading is a fancy way of saying receipt. Let’s find out more about how it’s done! Bill of Lading Basics

So, it follows that by saving more of the former, you yield more of the latter. They are creating streamlined workflows for drivers, back-office personnel, and fleet managers alike.

COSCO TRACKING BILL OF LADING SOFTWARE

New software platforms are already here with the potential to make life easier for everyone working on a delivery.Įlectronic BOLs are a hot area of logistics tech. New apps are changing how we manage paperwork. “The Directors consider that the terms of the Shipbuilding Contracts are fair and reasonable, and the Shipbuilding Transaction is on normal commercial terms and in the ordinary and usual course of business of the Group, and in the interests of the Company and the Shareholders as a whole.In reality, tech has changed a lot about the logistics world. In addition, the Shipbuilding Transaction can lower the cost of the transportation network and increase the core competitiveness of the Group,” it said. “The Shipbuilding Transaction can also increase the competitive advantage of the Group and compel the Group’s expansion of new markets. The order, according to the filing with the HKSE, is part of COSCO’s 14 th Five Year Plan, designed to help it maintain its place as a leading container shipping line and provider of logistics solutions. The four 16,180 TEU ships will cost $155 million – $620 million in total. The new vessels will increase COSCO’s TEU capacity by 150,000 TEU and will be built by the carrier’s shipyard operation they are due to be delivered between December 2023 and December 2025.Įach of the six 14,092 TEU vessels will cost approximately $146 million for a combined amount of $876 million. COSCO Shipping Holdings (COSCO) has ordered 10 container ships, six 14,092 TEU and four 16,180 TEU, for approximately $1.5 billion as part of a drive to increase efficiency and cut transportation costs, according to a filing with the Hong Kong Stock Exchange (HKSE).

Cosco tracking bill of lading