Freight Bills

Understand Bill of Lading Correction Fees

Transcript

Sometimes Less-than-Truckload carriers have to provide unexpected services or accommodations in order to complete your delivery. This results in additional fees. Koho is here to help you avoid unexpected charges. Today, we’re talking about bill of lading correction fees.The bill of lading is meant to have all the important information needed for the carrier to not only deliver a shipment but to invoice it correctly as well. A bill of lading correction fee is charged after a carrier picks up a shipment and realizes the bill of lading needs adjustment. For instance, a common cause for this fee is when the shipper reports themselves as the billing party rather than the Third Party Logistics provider who coordinated the shipment.  If you book your LTL shipment through Koho, we provide you with a Bill of Lading that should help you avoid this problem. All of your shipment details will be automatically included and you can access it immediately. This includes the pickup and delivery addresses as well as the billing party. Just print it out, attach it to the shipment, and give a copy to the carrier when they come to pick it up.

What are freight rebills or additional charges?

Typically, when you buy a product or service you know exactly how much you’ll be paying. With less-than-truckload (LTL) shipping, that’s not always the case. After your shipment has been completed, additional charges, also known as rebills, can be added to the price you were initially quoted. Because of how complex and precise LTL shipping can be, rebills are a fairly common occurrence in the LTL industry. Delays that keep the driver waiting, inaccurate freight measurements or weights, incorrect paperwork, or unexpected equipment needed to load or unload your cargo can all result in unpleasant surprises on your invoice. And they can be substantial. One common cause for added charges is the bill of lading correction fee.

What are bill of lading correction fees?

The bill of lading (BOL) is an essential document when shipping freight. It serves as a contract between shippers and carriers, a receipt for services, and a document of ownership. The BOL contains all the information necessary for the carrier and driver to execute the freight shipment and invoice it correctly. That last part is key here. Our customers most frequently get charged a BOL correction fee because they use their own BOL, on which they fail to list Koho as the billing party, rather than the one provided to them by Koho when they make their booking. Depending on the carrier, this fee can be up to $100.

How do I avoid bill of lading correction fees in the future?

Thankfully, in addition to being very common, the bill of lading correction fee is also very easy to avoid, especially if you’re working with Koho. When you make your booking on Koho’s intuitive, easy-to-use platform, Koho provides you with a complete, printable bill of lading that you then give to the carrier upon pickup as well as attach to the shipment itself. As long as you do this, you won’t have to worry about any BOL correction fees popping up on your invoice.

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