|
April
2006
Action: Failure to
execute C.O.D. clause on Bill of Lading
Occasionally it is necessary for a shipment to be
made that requires that the receiver pay for the
product before it can be released to the receiver by
the carrier. There are many reasons for this, but
one example would be poor credit risk of the
receiver. These shipments are unusual and therefore
require some very special notations on bills of
lading to insure that the carrier is fully informed
about how to arrange for the payment prior to
delivery. Failure to properly inform the carrier can
result in some very substantial losses, with no
recourse to the carrier, since proper notices were
not given at the time the shipment was picked up and
the bill of lading was executed. The process of
establishing this need might require input from the
large Team List A, the party of responsibility to
execute properly the Bill of Lading to protect the
ultimate collection for the product from the
receiver would be Logistics along with possible
interest by others shown in “Team List C.” |
