Bill of Lading

Posted in Finance, Accounting and Economics Terms, Total Reads: 1891

Definition: Bill of Lading

Bill of lading is a legal document which is used during shipping of goods.

It is a legal document between the shipper and the carrier which specifies the type, quantity and destination of the goods. This document also serves as the proof of delivery of the goods when also signed by an authorized signatory at the receiver of the goods.

It should be noted that this bill should be signed by a representative at the shipper, the carrier and also the receiver once the goods have been received.

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