I (Meaning and importance of Exports) Unit Structure

– 
Clean receipt indicates that goods have been property 
packed and there is no defect of any kind in the packing. 
b) Qualified receipt 
– 
Qualified receipt mean packing is defective and that shipping 
company will not be responsible for damages of any kind. 
The exporter should get a clean receipt to avoid further 
complications. 
13.6.3
IMPORTANCE OF MATE‘S RECEIPT 
The importan
ce of mate‟s receipt can be summarized as 
under. 
1. 
Mate‟s receipt serves as an acknowledgement of the cargo 
loaded on the ship. 
2. It further enables the shipping company to issue the bill of 
lading. 
3. It enables the exporter or his agent to pay port trust dues. 
4. 
it is only after presenting the mate‟s receipt to the customs 
preventive officer that he records the certificate of shipment 
on all copies of shipping bill and other documents. 
13.7 BILL OF LADING 

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220 
13.7.1  MEANING 
A bill of lading is a document issued by the shipping 
company upon shipment of the goods. It is a contract between the 
shipper (exporter) and the shipping company for the carriage of 
goods to the port of destination. It is a document title to goods and 
as such required by the importer to clear the goods at the port of 
destination. 
Bill of Lading is a document of title to the goods. It is issued 
by the shipping company and serves as a receipt from the shipping 
company which undertaken to deliver the goods at agreed 
destination on payment of freight. 
A Bill of Lading contains are the following. 
a) The name of the shipping company. 
b) The name and address of the shipper exporter. 
c) The name and address of the importer / agent. 
d) The name of the ship. 
e) Voyage number and date. 
f) The name of the ports of shipment and discharge. 
g) Quality, quantity, marks and other description. 
h) The number of packages. 
i) Whether freight paid or payable. 
j) The number of original issued. 
k) The date of loading of goods on the ship. 
l) The signature of the issuing authority. 
In short, bill of lading is a contract between the shipper and 
the shipping company for the carriage of goods to the port of 
destination. It is an acknowledgement indicating that the goods 
accepted for transportation are in order and in good condition.