Definitions for "On Board Bill of Lading"
When the B/L is stamped “On Board”, the carrier is certifying that the cargo has been placed aboard the named vessel. This B/L requires the signature of the captain or the captain's representative. On a draft or letter of credit transaction an on board B/L is usually required for the bank to release funds to the shipper.
A bill of lading in which a carrier certifies that goods have been placed on board a certain vessel.
Bill of Lading confirming the receipt of merchandise and the fact that it was loaded on board the ocean vessel.