Due to the fact that the bill of lading is assigned to a specific person or party, it cannot be reassigned to another party and it is simply not negotiable. Moreover, when the items have been delivered to the destination, the bill of lading also acts as a receipt. A straight bill of lading will also provide information regarding the product or products, including the type, quantity, and quality. Everything is outlined and straightforward, and these factors cannot be changed. A straight bill of lading is a document whereby the seller agrees that a certain transportation will be utilized to ship the goods to a specified location, and then a specific party is going to be assigned the bill. With this type of bill of lading, it states that the items are consigned to a person that has been specified and this is not negotiable. Under this form of a bill of lading, the company that is shipping the products will deliver the shipment to its consignee once identification has been presented. It is utilized where the products have already been paid for or payment is not needed. This relates to a bill of lading that is not negotiable. This is also sometimes referred to as the consignment bill of lading. The first example that we are going to take a look at is a straight bill of lading. Title of the goods, which tends to require that the carrier turns the goods over to the consignee, which is the receiving party, that has been noted on the BoL.Receipt that the products have been loaded correctly onto the vessel that is transporting them.This sometimes includes details on the condition of the carriage too. Evidence of contract of carriage, with details regarding the destination, type, and amount of the shipped freight.What is a Bill of Lading?īefore diving into each type of bill of lading, it helps to understand what the overall purpose of a BOL is.Ī bill of lading, which is commonly referred to as a BoL or B/L, serves three different roles. In each section, we’ll take a look at when each type is used and the vital information that should be noted. The article below will provide you an in-depth look at each type of bill of lading. Knowing the details of each type is important for all parties involved.Įach of the types of Bill of Lading have important differences that businesses shipping freight need to be aware of. However, different types of bill of lading are used in certain situations.
This includes information on the type and quantity of the goods and where they are being shipped to. 3.A bill of lading or BoL refers to a legal document that a carrier issues to a shipper, which details the goods that are being carried. Harry will pay an average of $35 ($50 - $15 = $35) per month to his distribution company for delivery no matter which entity provides his supply. This $15 is the only part of the bill that is subject to competition. Since the supply charge is 3 cents, the supply part of the monthly bill is $15 (3 cents per kWh x 500 kWh = $15). Harry's monthly bill ends up being $50 (10 cents per kWh x 500 kWh = $50). The company tracks Harry's usage, which is about 500 kWh per month. Harry pays a total of 10 cents per kWh for electricity: Using less electricity will lower both your delivery charges and your supply charges. The only way to reduce the delivery part of your bill is to use less electricity. Some of the line items on your bill that fall into this category are:ĭelivery service rates will vary depending on which town you live in. The public policy charges are mandated by state and federal governments. Pay employees that maintain poles and wires, The distribution, operations, and service charges include the costs to: The Federal Energy Regulatory Commission (FERC) regulates the transmission system. The transmission system brings electricity from power generators to the local distribution system. The transmission charges help pay to build, maintain, and operate the transmission system. Delivery charges include:ĭistribution, operations and service charges, and The second component of your bill are delivery charges. Some current competitive supplier rates that competitive suppliers charge are available on Energy Switch MA. More information on historic and current supply charges that the investor owned electric companies charge are available on the basic service page. the investor owned electric company that provides delivery services in your area (Eversource, National Grid, or Unitil), and.There are two types of entities that can provide your electric supply service: The first component of your bill is supply charges.
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