bill of lading

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Bill of lading

A contract between an exporter and a transportation company in which the latter agrees to transport the goods under specified conditions that limit its liability. It is the exporter's receipt for the goods as well as proof that goods have been or will be received.

Bill of Lading

A document in which a seller agrees to use a certain transportation to ship a good to a certain location. The bill of lading details the type, quality, and quantity of the good. It also serves as the receipt upon arrival at the destination.

bill of lading

a document used to ship internationally traded goods that gives the holder (the consignee) the right to take possession of the goods. The bill of lading gives details of the goods shipped, the identification marks and numbers on crates, etc., the name of the ship, ports of embarkation and destination, rate of freight, etc. Bills of lading are drawn up by shipowners, the original being sent to the consignee with copies being retained by the captain of the ship and the FREIGHT FORWARDER. See EXPORTING.
References in periodicals archive ?
As the youngest member of the 2017 party, Saracens and England second row Maro Itoje has the job of minding BIL this year, taking him to all functions and on all trips - a task easier said than done when BIL has been known to go missing on occasion, as senior players kidnap him and part him from his keeper.
Her family said she was the reason Bil Keane became one of the first syndicated newspaper cartoonists to win back all rights to his comic.
In March 2010, BIL issued bonus debentures of around Rs.
The BIG or BIL from the long-term contract is the income the partner would have had to recognize had the contract been disposed of immediately before the contribution, less any gain recognized on the contribution of the contract to the partnership.
743(b) rule: Under AJCA Section 833, an electing investment partnership is not treated as having a substantial BIL and, thus, is not required to make basis adjustments to partnership property when a partnership interest is transferred.
BIL has a good profile in its core business; however, its mono-line profile poses some inherent product concentration risk.
BIL has informed the company that any offering and its timing will be subject to market conditions, obtaining necessary shareholder and regulatory approvals, it stated.