Unit12ABillofLading.pptVIP

Unit 12 A Bill of Lading Text A The Bill of lading (abbreviated generally in use as B/L) is a document of transportation by sea issued by the carrier or someone on behalf of him to the shipper. First, it’s a document of title. If made negotiable, it can be transferred with the endorsement of the right person while the goods are in transit. Letters of credit often contain the stipulation for bill of lading like “Full set of clean on board marine bills of lading made out to order and endorsed in blank marked ‘Freight Prepaid / Collect’, notifying the accountee”. Second, it serves