Clean Bill Of Lading

AAA

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.

INVESTOPEDIA EXPLAINS '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
  1. Uniform Bill Of Lading

    An agreement between an exporter and a carrier regarding property ...
  2. Export

    A function of international trade whereby goods produced in one ...
  3. Letter Of Credit

    A letter from a bank guaranteeing that a buyer's payment to a ...
  4. Supply Chain

    The network created amongst different companies producing, handling ...
  5. Bill Of Lading

    A legal document between the shipper of a particular good and ...
  6. Claused Bill Of Lading

    A bill of lading that shows a shortfall or damage in the delivered ...
Related Articles
  1. Personal Finance

    What Is International Trade?

  2. Mutual Funds & ETFs

    Getting Into International Investing ...

  3. Forex Education

    Global Trade And The Currency Market

  4. Economics

    What Is An Emerging Market Economy?

Hot Definitions
  1. Turkey

    Slang for an investment that yields disappointing results or turns out worse than expected. Failed business deals, securities ...
  2. Conduit Issuer

    An organization, usually a government agency, that issues municipal securities to raise capital for revenue-generating projects ...
  3. Financing Entity

    The party in a financing arrangement that provides money, property, or another asset to an intermediate entity or financed ...
  4. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  5. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
  6. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
Trading Center