A more thorough explanation:

A bill of lading is a legal document used in the shipping and transportation industries. It lists the goods being shipped and the terms under which they will be delivered. If the goods are not delivered according to the terms of the bill of lading, the transportation company can be held responsible for any damages.

There are two types of bills of lading: negotiable and non-negotiable. A negotiable bill of lading can be transferred to another party, while a non-negotiable bill of lading cannot.

Let's say a company wants to ship a large order of electronics to a customer. The shipping company provides a bill of lading that lists the items being shipped, the delivery address, and the terms of the shipment. If the electronics arrive damaged or are not delivered on time, the customer can use the bill of lading to hold the shipping company responsible for any losses.

Another example could be a farmer shipping a large quantity of produce to a grocery store. The bill of lading would list the types and quantities of produce being shipped, the delivery address, and any special instructions for handling the produce during transportation.

These examples illustrate how a bill of lading is used to ensure that goods are delivered safely and according to the agreed-upon terms.