Bill of Lading (B/L or BOL) is a shipping document issued by a carrier or his agent that is a carrier acknowledges receipt of freight, describing the freight and setting forth a contract for carriage including who pays the freight charges. The Bill of Lading document is a legal document that consists of an evidence of contract (consignor's and consignee's name) of carriage, name of the vessel and ports, receipt of goods or cargo, and document of title to the goods or cargo, etc.
Related Definitions in the Project: The Logistics Management; Procurement
