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Good afternoon Bill of Lading a Bill of Lading sometimes abbreviated as B /l or bol is a document issued by a carrier which details a shipment of merchandise and gives title of that shipment to a specified party bills of lading are one of three important documents used in international trade to help guarantee that exporters receive payment and importers receive merchandise a straight bill of lading is used when payment has been made in advance of shipment and requires a carrier to deliver the merchandise to the appropriate party an order bill of lading is used when shipping merchandise prior to payment requiring a carrier to deliver the merchandise to the importer and at the endorsement of the exporter the carrier may transfer title to the importers endorsed order bills of lading can be traded as a security or serve as collateral against debt obligations bills of lading have a number of additional attributes such as onboard received for shipment clean and foul an onboard bill of lading denotes that merchandise has been physically loaded onto a shipping vessel such as a freighter or a cargo plane they received for shipment bill of lading denotes that merchandise has been received but is not guaranteed to have already been loaded on to a shipping vessel such bills can be converted upon being loaded a clean bill of lading denotes that merchandise is in good condition upon being received by the shipping carrier while a foul bill of lading denotes that merchandise has incurred damage prior to being received by the shipping carrier letters of credit usually will not allow for foul bills of lading and a subheading name the word lading means loading both words being derived from the old english word gladden lading specifically refers to the loading of cargo aboard a ship however bills of lading should never be called bills of loading next sub definition here description a bow of lading is a standard form document it is transferable by endorsement or by lawful transfer of possession and is a receipt from the shipping company regarding the number of packages with a particular weight and markings and a contract for the transportation of same to a port of destination mentioned therein in the case of Coventry verse Gladstone Lord Justice Blackburn to find a bill of lading as writing signed on behalf of the owner of ship in which goods are embarked acknowledging the receipt of the goods and undertaking to deliver them at the end of the voyage subject to such conditions as may be mentioned in the bill of lading a bill of lading is a key document used in the transport of goods as a document of title it is also an important financial instrument a bill of lading is a document generated by a shipping line or its agent giving details of a shipment of merchandise alongside this principal purpose the Bill of Lading also certifies that the goods have been.

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