TeachMeFinance.com - explain Bill of Lading
bill of lading -- Receipt given by a carrier to the shipper
bill of lading -- a written statement in which a carrier acknowledges the receipt of freight, identifies the freight, and sets forth terms under which the freight will be delivered to a destination.
Bill of Lading -- A document issued by a carrier which is evidence of receipt of the goods, and is a contract of carriage. It describes the goods, the details of the intended voyage, and it specifies the conditions of transportation. If issued in negotiable form, i.e. "to order", it becomes documentary evidence of title to the goods.
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