bill of lading

A document acknowledging the shipment of a consignor's goods for carriage by sea. It is used primarily when the ship is carrying goods belonging to a number of consignors (a general ship). In this case, each consignor receives a bill issued (normally by the master of the ship) on behalf of either the shipowner or a charterer under a charterparty. The bill serves three functions: it is a receipt for the goods; it summarizes the terms of the contract of carriage; and it acts as a document of title to the goods. A bill of lading is also issued by a shipowner to a charterer who is using the ship for the carriage of his or her own goods. In this case, the terms of the contract of carriage are in the charterparty and the bill serves only as a receipt and a document of title. During transit, ownership of the goods may be transferred by delivering the bill to another if it is drawn to bearer or by endorsing it if it is drawn to order. It is not, however, a negotiable instrument. The bill gives details of the goods; if the packages are in good order a clean bill is issued; if they are not, the bill will say so (see dirty bill of lading). See also containerization

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  • bill of lading — bill of lad·ing / lā diŋ/: a document issued by a carrier that lists goods being shipped and specifies the terms of their transport ◇ A bill of lading serves as a receipt for the goods, a contract for the transport of the goods, and a document of …   Law dictionary

  • Bill of lading — Bill Bill, n. [OE. bill, bille, fr. LL. billa (or OF. bille), for L. bulla anything rounded, LL., seal, stamp, letter, edict, roll; cf. F. bille a ball, prob. fr. Ger.; cf. MHG. bickel, D. bikkel, dice. Cf. {Bull} papal edict, {Billet} a paper.]… …   The Collaborative International Dictionary of English

  • Bill of lading — Lading Lad ing, n. 1. The act of loading. [1913 Webster] 2. That which lades or constitutes a load or cargo; freight; burden; as, the lading of a ship. [1913 Webster] {Bill of lading}. See under {Bill}. [1913 Webster] …   The Collaborative International Dictionary of English

  • bill of lading — plural bills of lading n technical a list of the goods being carried, especially on a ship …   Dictionary of contemporary English

  • bill of lading — (plural ,bills of lading) noun count a list of the goods that are being sent somewhere on a ship …   Usage of the words and phrases in modern English

  • bill of lading — ► bill of lading a detailed list of a ship s cargo given by the master of the ship to the person consigning the goods. Main Entry: ↑bill …   English terms dictionary

  • bill of lading — A document received by a transportation company acknowledging that it has received certain goods and, for the purpose of transportation, serves as title to that property. (Dictionary of Canadian Bankruptcy Terms) United Glossary of Bankruptcy… …   Glossary of Bankruptcy

  • bill of lading — n. a document issued to a shipper by a carrier describing the goods to be shipped, acknowledging their receipt, and stating the terms of the contract for their carriage …   English World dictionary

  • Bill of lading — Admiralty law History …   Wikipedia

  • Bill of lading — A contract between the exporter and a transportation company in which the latter agrees to transport the goods under specified conditions which limit its liability. It is the exporter s receipt for the goods as well as proof that goods have been… …   Financial and business terms

  • bill of lading — A contract between an exporter and a transportation company in which the latter agrees to transport the goods under specified conditions that limit its liability. It is the exporter s receipt for the goods as well as proof that goods have been or …   Financial and business terms

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