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. 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 >>
  3. 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 >>
  4. What statements can be used on a Bill of Lading?

    Read about statements that can appear on a bill of lading for items shipped by ocean, land and air as well as some financial ... Read Answer >>
  5. How Do I fill out a Master Bill of Lading?

    Learn the key elements behind proper accounting, descriptions and procedures when filling out a master bill of lading for ... Read Answer >>
  6. When should I send my master Bill of Lading?

    A master bill of lading firms up the shipment details between the shipper of goods and the transportation provider or the ... Read Answer >>
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