Bill of lading

Coulls v Bagot’s executor & Trustee Co ltd (1967) 119 CLR 460 By an agreement in writing, prepared without professional assistance, and headed “Agreement between C. and the O. Company”, C. granted to the company, in consideration of the sum of £5, the sole right for a specified period to quarry and remove stone from land owned by him and the company agreed to pay royalties at rates specified in the agreement. The agreement also contained provision for its extension and an authority by C. to

completed such as invoice, packing list, certificate of origin, letter of instruction, dangerous goods declaration and CITES certificate. These documents were required in order to allowed the shippers to sent their goods. In ocean freight, Ocean Bill of Lading as part of those required document is needed to be the evidence of the delivery as well as a contract of carriage between the shipper and the ocean freight company (Transportation Best Practices Manual, 2011). Dangerous goods declaration is needed

Admiralty Outline – Fall 2003 Overview Admiralty is federal law, originating in Article III, § 2 of Constitution. i. First Congress included Cases of Admiralty/Maritime in Judiciary Act. ii. Supremacy Clause. b. If say that case is admiralty/maritime case, governed by admiralty law, is to say that substantive admiralty law applies. i. Differences: statute of limitations, comparative laws for recovery, etc. a. Main: trial by judge. From very beginning, admiralty cases are w/o juries

Saudi Arabia exporting Crude Oil to India: Introduction: Saudi Arabia is the 5th largest export economy in the world. India and Saudi Arabia relations refer to the bilateral relationship between the Republic of India and the Kingdom of Saudi Arabia. Relations between the two nations is strong and close. India is now the world’s third largest importer of crude oil after the United States and China. Payment for International Contract: For importing crude oil from Saudi Arabia to India, the most

After twenty-five days, later Murah Corp. inform Thompson Corp. by fax that the goods are being shipped through CD Truck Co. to its warehouses requested and they are mailing Bill of Lading. However, on the thirtieth day, Murah Corp. inform Thompson Corp. by fax that all the goods are being lost in an accident and they are demanding the balance of the payment. Thompson Corp. faxed back and demanded the return of their down payment

their activity. The shipping department doesn’t have a packing slip nor a shipping notice. There is no independent verification on the goods as the shipping function doesn’t reconcile the goods to verify that the order is correct. There is no bill of lading so the customer doesn’t know the details of what they’re receiving. There should be sales journals, shipping logs, customer order files, S.O. pending files, back order files, purchase requisition files, and journal vouchers to have accounting

should have information of the transportation methods; Unimodal that uses one specific mode of transportation, Multimodal which promises different ways of carrying goods. In both methods, if the exporter chooses shipment by sea, there will be the Bill of Lading as the contract of carriage. The document includes the information of receiving specific goods for shipment, the

(Free On Board) which means that the seller has paid for the goods to be loaded onto the ship. In this INCOTERM the risk for those goods is transferred when the goods are loaded. Additionally, the master of the Iron Monarch had issued a clean bill of lading when the goods were loaded. In this situation the risk has been transferred to the carrier and thus the seller is not responsible for the damage that has occurred after the loading of the goods. 1b) Because the risk of the goods has

TITLE VI SALES CHAPTER 1 Nature and Form of the Contract Article 1458. By the contract of sale one of the contracting parties obligates himself to transfer the ownership and to deliver a determinate thing, and the other to pay therefor a price certain in money or its equivalent. A contract of sale may be absolute or conditional. (1445a) Article 1459. The thing must be licit and the vendor must have a right to transfer the ownership thereof at the time it is delivered. (n) Article 1460. A thing is

description of items on the bill of lading should match the sales invoices and the items sold/shipped. There should be initials of the employees amongst this documentation confirming these checks. If there are differences found during these comparisons, this may mean that the sale was billed/shipped incorrectly. Inventory, COGS, Accounts Receivable (AR), or sales could potentially be wrong when the quantity on the sales invoice does not match the quantity on the bill of lading. If initials are missing