bill of lading
bill of lading (phr)
English Definitions:
bill of lading, waybill (noun)
a receipt given by the carrier to the shipper acknowledging receipt of the goods being shipped and specifying the terms of delivery
bill of lading (Noun)
A document by which the master of a ship (or any other carrier) acknowledges receipt of goods for transport
Bill of lading
A bill of lading is a document used in the transport of goods. It serves several purposes in domestic and international trade.
Bill of lading
A bill of lading (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 in England, the term once related only to carriage by sea, a bill of lading may be used for any type of carriage of goods.Bills of lading are one of three crucial documents used in international trade to ensure that exporters receive payment and importers receive the merchandise. The other two documents are a policy of insurance and an invoice. Whereas a bill of lading is negotiable, both a policy and an invoice are assignable. In international trade outside the United States, bills of lading are distinct from waybills in that the latter are not transferable and do not confer title. Nevertheless, the UK Carriage of Goods by Sea Act 1992 grants "all rights of suit under the contract of carriage" to the lawful holder of a bill of lading, or to the consignee under a sea waybill or a ship's delivery order.
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"bill of lading." Kamus.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.kamus.net/english/bill+of+lading>.
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