LP 3 Assignment: The use of Bill of Lading in freight transportation Following the LA6100 course –Legal Environment for Global Organizations Anh Quoc Nguyen National American University Introduction In the freight forwarding industry, in which I spent over 10 years working in, the use of Bill of Lading is significant to all related parties which embody the shipper, receiver, freight forwarder, consignee, carrier, insurance company, customs offices, related government’s departments, and so forth. To answer why the Bill of Lading (BOL) and its usages are such important apart from the usages of the commercial invoice, packing list, and certificate of origin, one freight forwarder must admit that each function of a BOL is critically …show more content…
Ferroligas as one of the most well-known lawsuits that significantly highlighted the legal significance of the title of goods being shipped (pp.125). Despite the conflict between the plaintiff and the defendant in this case, once a negotiable bill of lading with title of goods is issued by the carrier, it is officially and commercially safeguarded by trade laws which would tend to protect the legal holder of the document of title from acquiring goods which are subject to a seizure because such cargo is still covered by the legal effects of the intact “due negotiation” of the equivalent …show more content…
(2000, Jul 17). It 's electronic and official. Journal of Commerce. Retrieved from http://nauproxy01.national.edu/login?url=https://search.proquest.com/docview/313473632?accountid=36299 Curwen, N. (2007). The bill of lading as a document of title at common law. In Mountbatten yearbook of legal studies (pp. 140-163). Southampton: Southampton Solent University. Investopedia. (n.d.). Incoterms. Retrieved from https://www.investopedia.com/terms/i/incoterms.asp Kuck, L. H., & Nelson, T. G. (2014, January 16). US Supreme Court further limits jurisdictional reach of the US Courts over foreign torts. Retrieved from https://www.skadden.com/insights/publications/2014/01/us-supreme-court-further-limits-jurisdictional-rea Manaadiar, H. (2016, February 17). Which is the most important function of a bill of lading and why..??. Retrieved from https://shippingandfreightresource.com/function-of-a-bill-of-lading/ Rouse, M. (2016, April). Bill of lading (BoL, B/L). Retrieved from http://whatis.techtarget.com/definition/bill-of-lading-BoL-B-L Schaffer, R. (2015). Rights of purchasers of document of title. In International business law and its environment (p. 125). Stamford, CT, US: Cengage