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Logistics Term

Bill of Lading

What is the meaning of Bill of Lading?

A bill of lading is a formal contract or agreement between a shipper and carrier moving the goods. It states the type of load being shipped and its pickup and delivery details. It’s also considered a receipt that the shipping company issues once the shipment is received at the delivery point. Also known as a waybill, a freight bill of lading is a crucial legal document that allows the person in possession to claim full ownership of the load. That said, it is vital that you fill your bill of lading entirely and accurately, which is crucial for the successful shipping and delivery of your goods to avoid unnecessary confusion that might lead to the delay of the shipment.

Bill of Lading - In The Field

There are various types of bills of lading depending on the method you are using to ship your goods. For example, a straight bill of lading t is used to send loads to a customer who has already made their payment. Other types include “to Order,” inland, air waybill, ocean, and multimodal bill of lading.

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