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How to fill out bol truckload declared value

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How to fill out bol truckload declared value

01
Check the requirements of the carrier or the shipping company regarding the declaration of value for the Bill of Lading (BOL) form.
02
Obtain a copy of the BOL form from the carrier or shipping company.
03
Fill out the basic information on the BOL form such as the date, shipper's name and address, consignee's name and address, and the carrier's name and address.
04
Locate the section on the BOL form that asks for the declared value of the truckload.
05
Enter the declared value of the truckload in the specified field. Make sure to follow any guidelines provided by the carrier or shipping company.
06
Review the completed BOL form for accuracy and make any necessary corrections.
07
Sign and date the BOL form to confirm its completion.
08
Submit the BOL form to the carrier or shipping company as per their instructions.

Who needs bol truckload declared value?

01
Shippers who want to declare the value of their truckload shipments may need to fill out a BOL truckload declared value.
02
These shippers may include businesses or individuals who want to protect their shipments by declaring their value for insurance purposes or to establish liability in case of loss or damage during transit.
03
Carriers or shipping companies may also require shippers to fill out a BOL truckload declared value as part of their shipping procedures.
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The BOL truckload declared value is the amount of value for the freight that a shipper declares to be covered in case of loss or damage during transport.
The shipper or the party responsible for the freight is required to file the BOL truckload declared value.
To fill out the BOL truckload declared value, one should specify the declared value on the bill of lading form in the designated section, usually providing an estimated value of the cargo being shipped.
The purpose of BOL truckload declared value is to provide a financial limit on the carrier's liability in case the freight is lost or damaged during transportation.
The information required typically includes the declared value of the shipment, details of the goods being transported, and the identification of the shipper and recipient.
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