Quick Definition

A bill of lading is a legal document issued by a carrier to a shipper, detailing the type, quantity, and destination of the goods being carried.

Examples

• 1A manufacturer shipping electronics overseas receives a bill of lading from the freight carrier.
• 2A logistics company uses a bill of lading to ensure that agricultural products are delivered from the farm to the international buyers.
• 3A business audits its bill of lading documents to reconcile inventory during the fiscal year-end.
• 4An exporter uses a bill of lading to claim insurance on goods damaged during transit.

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