Bill of Lading

Today Let's talk about Bill of Lading.

A bill of lading is evidence of the contract of carriage of goods and it serves a number of purposes. It is evidence of contract of carriage.

Secondly, it is a receipt signed by the carrier confirming whether goods matching the contract description have been received in good condition (a bill will be described as clean if the goods have been received on board in apparent good condition and stowed ready for transport).

Thirdly, it is a document of transfer, and a negotiable instrument, i.e. it governs all the legal aspects of physical carriage, and, it may be endorsed affecting ownership of the goods actually being carried.

I will attach a sample for your reference another day.