What does the term "bill of lading" refer to?

The term "bill of lading" refers specifically to a document that details the cargo being transported. This document serves multiple essential functions in the logistics and transportation industry. Firstly, it acts as a receipt issued by the carrier once the goods have been loaded onto the transport vehicle, confirming that the cargo is in their possession. Secondly, it describes the specifics of the shipment, including the type of goods, quantity, and destination, which is crucial for both the shipper and the carrier. Additionally, the bill of lading can also serve as a legal document that outlines the terms and conditions of the transportation agreement.

By documenting these details, the bill of lading plays a vital role in ensuring accountability and transparency during the shipping process. It helps facilitate claims in cases of loss or damage and assists customs and border authorities in their inspections and processing. Understanding the function of a bill of lading is fundamental for those involved in freight transportation and logistics.