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A Bill of Lading is a kind of document that is used to acknowledge the receipt of a shipment of goods. This document is issued to a shipper by a transportation company or carrier. A Bill of Lading also acknowledges the receipt of goods and indicates the particular vessel on which the goods traveled, their intended destination, and the terms for transporting the shipment to its final destination.
Bills of Lading are also known as inland, ocean, through, and air waybill. An inland bill of lading is a document that sets up an agreement between a shipper and a transportation company for the transportation of the goods. An ocean bill of lading is a document that sets out the terms between an exporter and international carrier for the shipment of goods to a location overseas. A through bill of lading is a contract that covers the specific terms agreed to by a shipper and carrier, i.e. it establishes the terms of flights for the transportation of goods both domestically and internationally. Ocean shipments need both inland and ocean bills of lading. An air waybill is a type of through bill of lading because air waybills may cover both international and domestic transportation of goods.
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