Bill of Lading
The Bill of Lading (BOL) is a legal document issued by a carrier to a shipper. It details the type, quantity, and destination of the goods being shipped. It also serves as a shipment receipt when the goods are delivered and is important for processes like freight forwarding.
Types of Bill of Lading
A BOL important document in the shipping and logistics world. It serves as a receipt for goods shipped, a contract between a shipper and a carrier, and a document of title for the goods:
- Straight Bill of Lading: Used for shipments where the goods are paid for in advance.
- Order Bill of Lading: Can be transferred to a third party and is used when goods are shipped before payment.
- Bearer Bill of Lading: Allows transfer of goods to whoever holds the BOL.