Shipping & logisticsbill-of-lading
Bill of Lading (B/L)
The shipping document evidencing receipt of cargo and ownership title.
The Bill of Lading (B/L) is the shipping document issued by the carrier evidencing (1) receipt of cargo, (2) the contract of carriage, and (3) title to the goods. A "clean on-board" B/L is one with no stated defects.
For LC payment, the B/L is the most important document — the date of the B/L often triggers the pricing formula ("month of Bill of Lading Dated Brent average").
See also