Bill of Lading
Definition: A "bill of lading" is a document that is given by a carrier (like a shipping company) to a shipper (the person or company sending goods). This document serves as a receipt that confirms the carrier has received the goods and includes important details about how and when the goods will be delivered.
Usage Instructions:
Example:
Advanced Usage:
In legal and business contexts, a bill of lading can serve as a document of title, meaning it can be used to claim ownership of the goods.
There are different types of bills of lading, such as straight bill of lading (non-negotiable) and order bill of lading (negotiable), which can affect how goods are transferred and who has the right to claim them.
Word Variants:
Different Meanings:
Synonyms:
Shipping receipt
Freight bill
Cargo receipt
Related Terms:
Carrier: The company or individual that transports the goods.
Shipper: The person or company sending the goods.
Consignment: A batch of goods sent to a destination.
Idioms and Phrasal Verbs:
There are no specific idioms or phrasal verbs directly related to "bill of lading," but in business contexts, you might hear phrases like "to ship out" or "to send off," which refer to the act of sending goods.
Summary:
A bill of lading is a crucial document in shipping that confirms receipt of goods and outlines how they will be delivered.