A document, issued by a carrier to a shipper, that serves a threefold purpose. 1) A receipt for the goods delivered to the carrier for shipment; 2) A definition of the contract of carriage of the goods from the port of shipment to the port of destination listed in the bill of lading 3) Evidence of title to the relative goods.
Receipt for a shipment by boat, that includes freight charges and title to the merchandise.
Document indicating that the exporter will consign a shipment to an international carrier for transportation to a specified foreign market and indicates the terms of the contract of carriage. The ocean B/L serves as a collection document.