This is a receipt given by the manager, supervisor, or officer of a port that certifies that a shipping company has successfully received goods' delivery.
How the Dock Receipt works
A dock receipt formulates the provision of delivery proof for any exporter by showing the delivery of certain goods or cargo in good condition. An inland carrier may then later deliver these goods to warehouses or companies.
The carrier is responsible for its operations as the freight forwarder has made arrangements for it. The freight forwarder or an exporter carries out the preparation of the dock receipt. They eventually put into signing a warehouse worker or an agent for the carrier when delivering the goods. The dock receipt may follow the cargo upon its delivery to the pier.
It can also be sent as a mail or fax to the stevedore at the pier receiving the cargo. Upon delivering and signing for the goods, the inland carrier makes provision for the dock receipt to the freight forwarder as proof that the goods were successfully delivered and received. It is essential if the goods get misplaced or damaged after the dock has successfully received the goods and before they arrived at their international destination.
Example of a Dock Receipt
Mr. Benson is into the sales of sewing machines and operates in Massachusetts. He sells in bulk and pieces. Due to the shortage of sewing machines in Malmo, Sweden, Mr. Igor had to contact Mr. Benson to help him ship down a hundred units of these machines. Upon the delivery to the shipping company that will deliver them to Mr. Igor, the forwarder of the port issues the receipt that it had successfully received the goods and that they were ready to be shipped down to Mr. Igor.
Significance of Dock Receipt
Generally, receipts are pieces of evidence that show all expenses paid. It can either be in an electronic form or written papers. Receipts help to confirm a specific transaction is successful. It reveals to both the seller and the buyer that the seller collected the agreed amount to exchange it for a particular good or service offered to a client.
Suppose a particular momentary transaction has no dock receipt and the information within. In that case, it is a certification that there is no official record of the service or goods exchanged for cash and a refund. On the other hand, there is no indication of an ownership shift after purchasing foods and services, nor is there clear-cut proof of the exact amount paid or that needs payment later.
Some of the significance then of having a of Dock Receipts are:
- It offers protection for both the buyer, seller, and business, in general, should there be a recourse that is uncalled for
- Receipts help in bringing required transparency into the exchange of goods or services for cash
- It reveals the information of both parties, including their contacts and address, for subsequent transactions or correction of errors, either in delivery of goods or amount paid
- It displays the list of goods or services rendered to know what is in stock
- It shows the exact amount of money paid to the seller
- It breaks down the amount paid, including the cost, taxes, promo codes, discounts, credits, and more
- Show the payment method