A bill of lading is a very important document because it is a document of title which gives the holder the right of possession of goods. A bill of lading may be of the following types:
1. clean bill of lading:
in this bill of lading no remark is made about the packing of goods. It serves as a proof that the packing was unspoiled at the time of loading of the goods on the ship.
2. foul or dirty bill of lading
this bill of lading mentions that the packing of goods was damaged or defective at the time of lading. Such a bill of lading is not favored as a document of title or as a collateral security for raising loans. Therefore exporters do not prefer a dirty bill of lading. if the exporter wants to obtain a clean bill of lading even when the packaging is defective he has to sign a letter of indemnity agreeing to indemnify the shipping company for any claim or liability for less.
3. through bill of lading
when the goods are carried partly in the ship of the shipowner issuing the bill of lading and partly in some other ship for an inclusive freight, the bill of lading is known as through bill of lading.
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