Bill of Lading (BOL)
What is Bill of Lading?
Bill of Lading is a required document provided by a carrier to a shipper detailing a type of shipment, quantity and the destination of the shipment. The document serves three main functions. It serves as a contract, a shipment receipt and specifies the title of ownership of the cargo.
One of the key importance of BOL is to ensure the delivery of goods to the importer and the receipt of payment by the exporter.