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Simple English definitions for legal terms
lading, bill of
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A quick definition of lading, bill of:
A bill of lading is a document that shows that goods have been received by a carrier or shipper's agent for transportation. It is like a contract between the shipper and the carrier. There are different types of bills of lading, including negotiable and non-negotiable ones. A clean bill of lading means that there are no issues with the goods, while an unclean bill of lading shows that there were problems with the goods during shipment. A through bill of lading means that the carrier will transport the goods to the final destination, even if they have to use another carrier for part of the journey.A more thorough explanation:
Definition: A document that acknowledges the receipt of goods by a carrier or shipper's agent and the contract for the transportation of those goods. It indicates the receipt of goods for shipment and is issued by a person engaged in the business of transporting or forwarding goods. A bill of lading is a document of title, and a negotiable bill of lading authorizes the carrier or holder of freight to deliver it to the bearer.
Examples:
- B/L: Abbreviation for Bill of Lading.
- Bearer Bill of Lading: A negotiable bill of lading that authorizes the carrier or holder of freight to deliver it to the bearer.
- Clean Bill of Lading: A bill of lading containing no clause or notation qualifying the bill's terms.
- Nonnegotiable Bill of Lading: A straight bill of lading that specifies a consignee to whom the carrier is contractually obligated to deliver the goods.
- Through Bill of Lading: A bill of lading by which a carrier agrees to transport goods to a designated destination, even though the carrier will have to use a connecting carrier for part of the passage.
The examples illustrate different types of bills of lading and their characteristics. For instance, a bearer bill of lading is negotiable and can be transferred to another person, while a clean bill of lading has no qualifications or clauses. A through bill of lading involves multiple carriers to transport goods to a final destination.