International Legal Environment

Nation/State Project
Country: coupled States

Bill of freight

As stated in the text, International Business honor and its Environment, a negotiable bill of payload is a document of title issued by and ocean carrier to a shipper upon receipt of goods for transport. The bill of lading has been used as outlying(prenominal) back as the sixteenth century. (Schaffer, Agusti, Dhooge, Earle. 2012).
This document serves three real important functions:
1.Receipt of goods from the carrier.
2.Contract of carriage between the shipper and the carrier.
3. muniment of title to the goods described within.
In the United States, the laws of negotiability of bills of lading are the federal Bills of
committal Act for bills which originate in the United States for export shipments and the Uniform
Commercial Code (UCC). (Schaffer et al., 2012).
The Federal Bills of Lading Act, 49 U.S.C §§80101 80116, is important to the United
States as it addresses the following:
§ 80101. Definitions
§ 80102. Application
§ 80103. negotiable and nonnegotiable bills
§ 80104. Form and requirements for negotiation
§ 80105. Title and rights affected by negotiation
§ 80106. Transfer without negotiation
§ 80107. Warranties and liability
§ 80108. Alterations and additions
§ 80109.



Liens below negotiable bills
§ 80110. Duty to deliver goods
§ 80111. indebtedness for delivery of goods
§ 80112. Liability under negotiable bills issued in parts, sets, or duplicates
§ 80113. Liability for non-receipt, mis-description, and indecent loading
§ 80114. Lost, stolen, and destroyed negotiable bills
§ 80115. Limitation on use of juridic process to obtain possession of goods from common
carriers
§ 80116. Criminal penalty
(Federal Bill of Lading Act, 2011)

As stated in the Maritime Knowhow web page, at the start of the nineteenth century, Napolean tell that a provision be added in which bill of lading could be ordered to a named person. This addition changed the bill of lading...If you necessitate to get a full essay, order it on our website: Orderessay



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