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- Dictionarybill of lading
noun
- 1. a detailed list of a ship's cargo in the form of a receipt given by the master of the ship to the person consigning the goods.
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Jun 15, 2024 · Bill Of Lading: A bill of lading is a legal document between the shipper of goods and the carrier detailing the type, quantity and destination of the goods being carried. The bill of lading also ...
Oct 2, 2023 · A bill of lading is important because it acts as the legal document of title which allows the person holding it to claim ownership of the cargo. The bill of lading is also evidence of a carriage contract, which details the responsibilities of the carrier with the parties involved in the transportation of the cargo.
A bill of lading (/ ˈ l eɪ d ɪ ŋ /) (sometimes abbreviated as B/L or BOL) is a document issued by a carrier (or their agent) to acknowledge receipt of cargo for shipment. Although the term is historically related only to carriage by sea, a bill of lading may today be used for any type of carriage of goods. Bills of lading are one of three crucial documents used in international trade to ...
Mar 22, 2024 · Definition of a Bill of Lading Shipment Bill. A Bill of Lading Shipment Bill is a legally binding document that outlines shipment details, including the type, quantity, and predetermined destination of transported goods. It plays a crucial role in shipping, especially for ocean freight, serving as a cargo description, freight shipment receipt ...
Jan 2, 2024 · A bill of lading is a transit document issued by the carrier or the shipping company to the consignor while shipping the goods or the consignment to the consignee. It serves three essential purposes, i.e., it acts as a transit receipt, a document of title for the shipped goods, and evidence of the contract between the consignor and the shipping ...
