Bill Of Lading

Dictionary Says

Definition of 'Bill Of Lading'

A legal document between the shipper of a particular good and the carrier detailing the type, quantity and destination of the good being carried. The bill of lading also serves as a receipt of shipment when the good is delivered to the predetermined destination. This document must accompany the shipped goods, no matter the form of transportation, and must be signed by an authorized representative from the carrier, shipper and receiver. 
 
Investopedia Says

Investopedia explains 'Bill Of Lading'

For example, suppose that a logistics company must transport gasoline from a plant in Texas to a gas station in Arizona via heavy truck. A plant representative and the driver would sign the bill of lading after the gas is loaded onto the truck. Once the gasoline is delivered to the gas station in Arizona, the truck driver must have the clerk at the station sign the document as well.

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Related Definitions

  1. Logistics

    The overall ...
  2. Clean Bill Of Lading

    A bill of lading ...
  3. Just In Time - JIT

    An inventory ...
  4. Supply Chain

    The network ...
  5. Assembly Service

    Combining a ...
  6. Mothballing

    The preservation ...
  7. Cash On Delivery - COD

    A type of ...
  8. Claused Bill Of Lading

    A bill of lading ...
  9. Ocean Bill Of Lading

    A document ...
  10. Inland Bill Of Lading

    A legal document ...

Articles Of Interest

  1. Working Capital Works

    A company's efficiency, financial strength and cash-flow health show in its management of working capital.
  2. Inventory Valuation For Investors: FIFO And LIFO

    We go over these methods of calculating this component of the balance sheet, and how the choice affects the bottom line.
  3. A Primer On Reserve Currencies

    For nearly a century, the U.S. dollar has served as the world's premier reserve currency, but the future is uncertain.
  4. Derivatives 101

    Learn how to use this type of investment as an alternative way to participate in the market.
  5. Okun's Law: Economic Growth And Unemployment

    Learn about Okun's Law, why it is important and how it stood the test of time since first being published.
  6. How Debt Limits A Country's Options

    While debt is fundamentally necessary to the operation of a national government, it can also be limiting and dangerous.
  7. The Link Between The Fed, Money, Debt And Taxes

    Assets on the Fed's balance sheet, money supply level, national debt level and economic production should be maintained in equilibrium.
  8. Employability, The Labor Force And The Economy

    Individuals do not have absolute control of their employability since employability is also affected by market and economic conditions.
  9. A Primer On Inflation

    Inflation has a negative connotation, but is it all bad or does it offer some tangible benefits?
  10. How Interest Rates Affect The Stock Market

    Whether you're buying lunch, a home or a stock, you're influenced by interest rates.

comments powered by Disqus
Recommended
Loading, please wait...
Trading Center