A bill of lading often abbreviated as BOL or B/L is one of the most crucial documents required while shipping goods. It acts as a legally binding ‘evidence’ of the contract between the shipper and carrier to transport goods from point A to B as per the sales contract agreed upon by the shipper and consignee.
It is issued by the carrier or their agent to acknowledge that the cargo has been received by them to be shipped from the origin port to the destination.
The information mentioned in this document has to be precise as it determines how the goods will be handled, billed, where they will go, etc. Mistakes in this document can directly affect the delivery of the freight.