Accommodation Bill Of Lading

Summary of Accommodation Bill Of Lading

A bill of lading issued by a carrier or its agent to a shipper in advance of actual receipt of the goods for carriage. The motives for such action may be to permit the shipper to draw on an expiring letter of credit, or to book a sale during a particular accounting period. The carrier is responsible to the consignees or holders of the bill of lading (see Section 7-301 [1] Uniform Commercial Code). In addition, the issuance of an on board endorsement prior to actual loading of the cargo, or predating a bill may be viewed as accommodations by a carrier to a shipper.

(Main Author: William J. Miller)