Bill of Lading. The bill of lading is a legal contract between a carrier and a shipper that provides shipment details for the movement of freight. It describes the conditions under which the goods are accepted by the carrier and details that nature and quantity of the goods, name of vessel (if shipped by sea), identifying marks and numbers, destination, etc. The person sending the goods is the "shipper" or "consignor," the company or agent transporting the goods is the "carrier", and the person for whom the goods are destined is the "consignee". Bills of lading may be negotiable or nonnegotiable. If negotiable, i.e., payable to the shipperâ€(tm)s order and properly endorsed, title to the goods passes upon delivery of the bill of lading.
The actual number assigned to a Shipment Identification Number under which the goods are shipped. It is used only for truckload and Less-Than-Truckload (LTL) shipments. It may be matched to a 214 Transportation Carrier Shipment Status transaction. This is set to enable the scheduling of receiving functions by the retailer. It also may be used for carrier claims.
Bill of Lading. A transportation document that is the contract of carriage containing the terms and conditions between the shipper and carrier.
A transportation document that is the contact of carriage containing the terms and conditions between the shipper and the carrier
Acronymn for 'Bill of Lading': A document that establishes the terms of a contract between a shipper and a transportation company. It serves as a document of title, a contract of carriage and a receipt for goods. This document states the terms on which the carrier undertakes the transport. If issued in negotiable form, it symbolizes title to the goods.
Bill Of Lading (Thanks to Stephen Butler) Also can be B/L