What does bill of lading mean?

bill of lading meaning in Legal Dictionary

n. a receipt gotten because of the shipper of goods through the service (transportation organization, railway, ship or air freighter) for shipment to a certain purchaser. It's a contract safeguarding the shipper by guaranteeing repayment and satisfies the provider that individual has actually proof the right to the goods. The bill of lading will be provided for the customer by the shipper upon repayment for the products, and it is hence proof that recipient is entitled to items whenever received. Hence, if you have no costs of lading, there's no distribution.

bill of lading meaning in Law Dictionary

In common law. The written evidence of a contract for the carriage and delivery of goods sent by sea for a certain freight. Mason v. Lickbarrow, 1 H. Bl. 359. A written memorandum, given by the person in command of a merchant vessel, acknowledging the receipt on board the ship of certain specified goods, in good order or “apparent good order,” which he undertakes, in consideration of the payment of freight, to deliver in like good order (dangers of the sea excepted) at a designated place to the consignee therein named or to his assigns. Devito v. Barrels (D. C.) 20 Fed. 510; Gage v. Jaqueth. 1 Lans. (N. Y.) 210; The Delaware. 14 Wall. 000, 20 L. Ed. 779. The term is often applied to a similar receipt and undertaking given by a carrier of goods by land. A bill of lading is an instrument in writing, signed by a carrier or his agent, describing the freight so as to identify it, stating the name of the consignor. the terms of the contract for carriage, and agreeing or directing that the freight be delivered to the order or assigns of a specified person at a specified place. Civil Code Cal.

bill of lading meaning in General Dictionary

a receipt given by the company on shipper acknowledging bill of this products being transported and specifying the regards to delivery

bill of lading meaning in Insurance Dictionary

A document that serves both as a receipt for products becoming shipped and a contract defining the level regarding the transporter's obligation.