Bill Of Lading
You might have come across a name of Bill of Lading, have you ever wondered what it actually means? Then this is for you.
Bill Of lading in a document confirming ownership of the cargo. This is why it must be produced to claim the goods. It is a contract between the shipper and the shipping line defining carriage terms in detail.
It is issued by the shipping line to the export agent upon receipt of cargo, and from there onwards ship-owner admits full liability of the cargo mentioned on BL.
We shall issue the process flow of BL in our future posts