Bill of lading is a carrier’s contract and receipt for goods the carrier agrees to transport from one place to another and to deliver to a designated person. In case of loss, damage or delay, the bill of lading is the basis for filing freight claims.
There are several type of Bill of ladings
- Straight bill of lading is used when payment has been made in advance of shipment and requires a carrier to deliver the merchandise to the appropriate party.
- Standard or Order Bill of Lading is used when shipping merchandise prior to payment to a customer on terms.
Also referred to as BL or BOL.
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