Freight Bill
A freight bill is a document that details the goods being transported, the cost of transport, and other associated fees. The freight bill is issued by the carrier to the customer as proof of payment for services rendered. The freight bill will also include information such as:
- the consignor,
- consignee,
- weight,
- dimensions of the shipment.
3 most common types of freight bills
When shipping goods, it is important to understand the different types of freight bills that are available. The three most common types of freight bills are:
- Straight Bill of Lading (BOL): A straight BOL is used when the goods are being shipped from one point to another, without any intermediate stops. This type of bill is also known as a through the bill.
- Multimodal Bill of Lading (MBOL): A multimodal BOL is used when the goods are being transported using more than one mode of transportation, such as truck, rail, and ship.
- House Bill of Lading (HBL): A HBL is used when the goods are being shipped to a specific address, rather than to a specific destination. This type of bill is also known as a consignee bill.
Tips
When preparing to ship goods, it is important to make sure that the freight bill is accurate. The following tips can help:
- Make sure that all information is correct, including the consignor, consignee and weight of the shipment.
- Make sure that the dimensions of the shipment are correct.
- Verify that all fees have been included, such as transport costs, handling charges and customs duties.
- Make sure that the bill is signed by both the shipper and the carrier.
- Keep a copy of the freight bill for your records.
Freight bills play an important role in the logistics process and it is important to understand their function and importance. By understanding what a freight bill is and how to prepare for shipment, businesses can save time and money while ensuring that their goods are transported safely and securely.
Related Links
Freight Bill Auditing: Why it is important – ControlPay
Freight Terms & Terminology – Shipping Definitions – What A Freight Term Means – PNG Logistics
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