bill of lading

Definition:

abbreviation: B/L. 1. A document singed on behalf of a shipowner stating that certain specified goods have been shipped in a particular ship and setting out the terms of the contract under which the goods have been delivered to and received by the ship. On arrival at the destination, the goods will be given up to the person who produces the bill of lading. Thus the bill of lading of a shipment of goods confers control over the goods. 2. A document similar to a maritime bill of lading (sense 1) issued by another carrier, e.g. a railway or inland waterway bill of lading.



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