Bill of Lading

A document issued by or on behalf of a Carrier to the Counterparty (usually referred to as the Shipper) to a contract of carriage of goods by sea. Principal functions include:

  • Document of Title
  • Receipt by the Carrier
  • Evidences apparent condition of the goods
  • Evidences the terms of the contract of carriage, and
  • Operates to transfer contractual rights.

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