A Bill of Lading (BOL) is a crucial document in the transportation and shipping industry. It serves multiple purposes:
Receipt of Goods: It acts as a receipt issued by the carrier to the shipper, confirming that the goods have been received in good condition .
Contract of Carriage: It outlines the terms and conditions under which the goods are transported, forming a contract between the shipper and the carrier.
Document of Title: It represents ownership of the goods and can be used to transfer ownership to another party.
