bill of lading

bill of lading

A document issue when goods are entrusted to a shipping company for carriage. It can serve as a formal receipt for the goods by the ship owner, a memorandum of the contract of carriage, and documentary evidence of control over the goods.The holder or consignee of the bill has the right to claim delivery of the goods from the shipping company when they arrive at the port of destination.

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Part of Speech: noun
Synonym(s):
Blossary: Trade and commerce
Industry/Domain: Transportation
Category: Shipping
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