Bill of Lading (BOL)
A crucial shipping document that serves as a contract between the shipper and carrier.
Definition
A crucial shipping document that serves as a contract between the shipper and carrier. It outlines the shipment details serves as a receipt for the goods and may function as a title of ownership. There are various types of BOLs including straight order and negotiable BOLs
Related Terms
Backhaul
The return leg of a transportation route often involving a truck returning to its point of origin with a new shipment.
BAF (Bunker Adjustment Factor)
A surcharge applied by carriers to compensate for fluctuating fuel prices.
Barge
A flat-bottomed vessel used to transport cargo via inland waterways rivers or canals.
Batching
The process of grouping cargo or shipments based on similar characteristics (e.g. destination size or type) for streamlined processing.
Bill of Entry
A legal document submitted by importers or customs brokers to authorities declaring the nature quantity and value of imported goods.
Blind Shipment
A shipment in which the identity of the shipper consignee or both is kept confidential.
Ready to unblock your supply chain?
Join the fastest growing businesses shipping with Cubic.