Clean Bill Of Lading

DEFINITION of 'Clean Bill Of Lading'

A bill of lading issued by a carrier declaring that the goods have been received in an appropriate condition, without the presence of defects. The product carrier will issue a clean bill after thoroughly inspecting the packages for any damage, missing quantities or deviations in quality.

BREAKING DOWN 'Clean Bill Of Lading'

Often, a clean bill of lading must be issued to fulfill the requirements set forth in letters of credit. Many purchasers rely on letters of credit to pay for imports and banks may refuse to supply the funds if a claused bill of lading is presented. A claused or foul bill is issued when the received product is damaged or does not meet specifications.

RELATED TERMS
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RELATED FAQS
  1. Can I have more than three original Bills of Lading?

    How many bills of lading copies are allowed when importing or exporting? Should I ship by air or sea? What type of bill of ... Read Answer >>
  2. Can I use the same bill of lading for all modes of transportation?

    Find out whether the same bill of lading can be used for all modes of transportation and when to use various types of bills ... Read Answer >>
  3. What's the difference between a bill of lading and an ocean bill of lading?

    Understand the difference between a bill of lading and an ocean bill of lading. Both documents serve as receipts for freight ... Read Answer >>
  4. What is the difference between a bill of exchange and a bill of lading?

    Understand what a bill of exchange and a bill of lading are and the different purposes they each serve as documents used ... Read Answer >>
  5. What is an endorsement in blank on a bill of lading?

    Learn how a bill of lading is an international trading tool and binding contract that ensures owners receive their merchandise ... Read Answer >>
  6. I have lost my original Bills of Lading. Can I obtain a new set?

    Find out why an original bill of lading cannot be replaced if it is lost or stolen and how a court order must be obtained ... Read Answer >>
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