Warehouse & Logistics Encyclopedia
Your comprehensive guide to warehouse, logistics, and supply chain terminology. Explore over 100+ industry terms with detailed explanations and practical insights.
Bill of Lading (BOL)
A legal document between the shipper and carrier detailing the type, quantity, and destination of goods.
Definition
A contract and receipt for goods being transported, serving as evidence of shipment and ownership.
Overview
The Bill of Lading (BOL) is a crucial shipping document used in freight transportation. It contains details about the shipment, the consignee, and the carrier. It also acts as proof of receipt for goods.
Role
A legal document between the shipper and carrier detailing the type, quantity, and destination of goods.
Focus
The Bill of Lading (BOL) is a crucial shipping document used in freight transportation. It contains details about the shipment, the consignee, and the carrier. It also acts as proof of receipt for goods.
Example
When shipping a container overseas, the BOL confirms the cargo details, shipment date, and consignee information.
FAQs
Q: Who issues the Bill of Lading?
A: The carrier or their agent issues it to the shipper.