Bill of Lading (BOL or B/L)

What is a bill of lading?

A bill of lading (BOL or B/L) is issued to a shipper detailing the method and path of a shipment. It is a contract for the movement of the goods, and serves as a receipt for the cargo and can act as proof of ownership of the goods being transported.

Ocean shipments use original or express bills of lading.

Air shipments use air waybills.

What does a bill of lading include?

A bill of lading typically lists the shipper, consignee, notify party, carrier, vessel or voyage details, ports of loading and discharge, and a description of the cargo with quantity and weight. Every detail should match the commercial invoice and packing list, because mismatches can cause customs delays or payment problems.

What are the common types?

A negotiable (order) bill of lading can be transferred, and the holder of an original must surrender it to claim the cargo. A straight bill of lading names a specific consignee. An express release or sea waybill skips the paper original, which usually speeds up release at destination.

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