Delivering and receiving merchandise is one of the trickiest parts of a business’ operation, especially if the company relies on suppliers from many parts of the country or the world. Many companies have lost a large amount of money by simply sending or receiving goods by mistake. The only way to avoid this problem is through accurate merchandise tracking. Commonly used is a bill of lading. It is a document used by carriers to keep track of merchandise coming in and out. This also ensures that shipments and deliveries are successfully made. Moreover, it serves as a valid guarantee to exporters or importers; and sometimes even used as collateral to trading transactions. That’s why it is important that one is knowledgeable with the many uses of a bill lading form.
On Board. This indicates that the merchandise is loaded on board of a shipping vessel or cargo plane.
Received-for-shipment . This implies that the merchandise was received by the carrier. However, this does not guarantee that the merchandise is already loaded and set for shipping or delivery.
Clean Bill. This states that the merchandise was received by the carrier in good condition and no problem occurred during its loading.
Foul Bill. This is the opposite of the clean bill of lading. This denotes that when it was received, the merchandise has already obtained damage.
For accurate merchandise tracking a bill of lading form is needed and must be studied carefully. Other forms have snap-off sets and carbonless white paper with easy to distinguish original copy in blue. Plus, hazardous material information is denoted in red. Even if you’re just waiting for an order of office supplies, it is still necessary that you keep track of it.