Glossary:


Term - B : Bill of Lading

Bill of Lading


Bill of Lading

A bill of lading or a B/L is a document issued by a carrier or his agent to a shipper detailing the merchandise being carried. It requires the carrier to deliver the goods at destination to a named recipient. It is important to bankers because it gives title to the goods shipped, it is negotiable (the right to ownership can be transferred) and can be financed against
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