Bill Of Lading

Bill Of Lading
A legal document between the shipper of a particular good and the carrier detailing the type, quantity and destination of the good being carried. The bill of lading also serves as a receipt of shipment when the good is delivered to the predetermined destination. This document must accompany the shipped goods, no matter the form of transportation, and must be signed by an authorized representative from the carrier, shipper and receiver.

For example, suppose that a logistics company must transport gasoline from a plant in Texas to a gas station in Arizona via heavy truck. A plant representative and the driver would sign the bill of lading after the gas is loaded onto the truck. Once the gasoline is delivered to the gas station in Arizona, the truck driver must have the clerk at the station sign the document as well.


Investment dictionary. . 2012.

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  • bill of lading — bill of lad·ing / lā diŋ/: a document issued by a carrier that lists goods being shipped and specifies the terms of their transport ◇ A bill of lading serves as a receipt for the goods, a contract for the transport of the goods, and a document of …   Law dictionary

  • Bill of lading — Bill Bill, n. [OE. bill, bille, fr. LL. billa (or OF. bille), for L. bulla anything rounded, LL., seal, stamp, letter, edict, roll; cf. F. bille a ball, prob. fr. Ger.; cf. MHG. bickel, D. bikkel, dice. Cf. {Bull} papal edict, {Billet} a paper.]… …   The Collaborative International Dictionary of English

  • Bill of lading — Lading Lad ing, n. 1. The act of loading. [1913 Webster] 2. That which lades or constitutes a load or cargo; freight; burden; as, the lading of a ship. [1913 Webster] {Bill of lading}. See under {Bill}. [1913 Webster] …   The Collaborative International Dictionary of English

  • bill of lading — plural bills of lading n technical a list of the goods being carried, especially on a ship …   Dictionary of contemporary English

  • bill of lading — (plural ,bills of lading) noun count a list of the goods that are being sent somewhere on a ship …   Usage of the words and phrases in modern English

  • bill of lading — ► bill of lading a detailed list of a ship s cargo given by the master of the ship to the person consigning the goods. Main Entry: ↑bill …   English terms dictionary

  • bill of lading — A document received by a transportation company acknowledging that it has received certain goods and, for the purpose of transportation, serves as title to that property. (Dictionary of Canadian Bankruptcy Terms) United Glossary of Bankruptcy… …   Glossary of Bankruptcy

  • bill of lading — n. a document issued to a shipper by a carrier describing the goods to be shipped, acknowledging their receipt, and stating the terms of the contract for their carriage …   English World dictionary

  • Bill of lading — Admiralty law History …   Wikipedia

  • 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

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