Since 1986, Custom Companies, Inc. has been operational, serving several customers and organizations both small and large, in the transportation and logistics services. At present, the company makes over $200 million annually, which is true demonstrating the vast company growth under the leadership of Perry Mandera who is also its founder. Perry who is known for his passion for giving back to the society has used Custom Companies, Inc. to provide employment opportunities to hundreds of people in Northlake, where the company is headquartered, as well as other regions in the country.
Through his many years of experience, Perry has successfully steered the company to where it is today through incorporating several online features to the companies systems (Crunchbase). This has ensured that the customers enjoy high-quality services easily. One such technological feature used by Perry’s company is the electronic bill of lading or BoL or simply B/L, which is essential in the shipping chain. B/L provides documents that serve three main roles which are:
- A receipt for goods- BoL is used to prove to sellers that the cargo being shipped has been received by the carrier. It’s through this document, that there is prove, that the cargo was in good condition on arrival to its destination. In case the buyer receives damaged goods, this document is very important since it can help the seller determine whether it was the carrier or the manufacturer who had an issue.
- Evidence of a carriage contract- BoLs is a legally sufficient contract of carriage. They are useful in the various shipping litigation concerns and makes sure that seller’s parameters are adhered to during the cargo processing by the carriers.
III. A goods’ document title- Holders are given the title to the goods transported, by the BoLs. It allows holders to have the right to claim and transport cargo to somewhere or someone else. This document is important for negotiation purposes and it can remain at the custody of the carriers until full payment is mad for the service offered, or better still hand over the rights to a third party for smooth delivery during transit.