Ocean Bill Of Lading

Ocean Bill Of Lading
A document required for the transportation of goods overseas. An ocean bill of lading serves as both the carrier's receipt to the shipper and as a collection document. The document specifies the details of the goods being transported, such as quantity, type and destination.

A non-negotiable ocean bill of lading allows the buyer to receive the goods upon showing identification. If the bill is deemed negotiable, then the buyer will be required to pay the shipper for the products and meet any of the seller's other conditions.

An ocean bill of lading allows the shipper to move goods across international waters. If the goods are to be initially shipped over land, an additional document, known as an "inland bill of lading", will be required. The inland bill only allows the materials to reach the shore, while the ocean bill allows them to be transported overseas.


Investment dictionary. . 2012.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • ocean bill of lading — Receipt for a shipment by boat, that includes freight charges and title to the merchandise. Bloomberg Financial Dictionary * * * ocean bill of lading ocean bill of lading ➔ bill of lading * * * ocean bill of lading UK US noun [C] (ABBREVIATION… …   Financial and business terms

  • on board ocean bill of lading — An ocean bill of lading bearing an on board notation, or words indicating that the merchandise is located aboard the vessel for transportation. These notations must be initialed or signed by an authorized employee or agent of the ship line.… …   Financial and business terms

  • Bill of lading — A contract between the exporter and a transportation company in which the latter agrees to transport the goods under specified conditions which limit its liability. It is the exporter s receipt for the goods as well as proof that goods have been… …   Financial and business terms

  • bill of lading — A contract between an exporter and a transportation company in which the latter agrees to transport the goods under specified conditions that limit its liability. It is the exporter s receipt for the goods as well as proof that goods have been or …   Financial and business terms

  • Through Bill Of Lading — A bill of lading that allows the transportation of goods both within domestic borders and through international shipment. The through bill of lading is often required for the exportation of goods, as it serves as a receipt or carriage contract… …   Investment dictionary

  • Inland Bill Of Lading — A legal document required for the transportation of materials over land. An inland bill of lading serves as both the carrier s receipt to the shipper and the carriage contract. The document specifies the details of the goods being transported,… …   Investment dictionary

  • Bill of lading — Admiralty law History …   Wikipedia

  • bill of lading — Document evidencing receipt of goods for shipment issued by person engaged in business of transporting or forwarding goods and it includes airbill. U.C.C. No. 1 201(6). An instrument in writing, signed by a carrier or his agent, describing the… …   Black's law dictionary

  • bill of lading — Document evidencing receipt of goods for shipment issued by person engaged in business of transporting or forwarding goods and it includes airbill. U.C.C. No. 1 201(6). An instrument in writing, signed by a carrier or his agent, describing the… …   Black's law dictionary

  • full set of bills of lading — All originals of an ocean bill of lading. Bloomberg Financial Dictionary …   Financial and business terms

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”