What is a bill of lading?

A bill of lading serves a fundamental role in the shipping process, acting as both a contract and a receipt issued by a carrier. It provides essential details about the goods being transported, including their quantity, type, and destination, thus establishing the terms under which the carrier agrees to transport the goods. This document is crucial because it also offers legal protection for all parties involved by confirming that the items have been received in good condition and noting any specifications related to their handling.

In logistics, the bill of lading is vital for documenting the transfer of ownership and ensuring that the consignee can claim the cargo upon arrival. The legal implications and detailed information contained in a bill of lading underscore its importance in the shipping industry, which goes beyond what other options, like an invoice or a list of items, can provide.