What is a Bill of Lading?
A Bill of Lading (B/L) is a legally binding document issued by a carrier (shipping line or NVOCC) to the shipper. It serves three critical functions: (1) Receipt of goods — confirming that the carrier has received the cargo in the described condition; (2) Contract of carriage — defining the terms under which the goods will be transported; (3) Document of title — enabling the transfer of ownership of the goods during transit. Without an original B/L (or telex release), the consignee cannot take delivery of the cargo at the destination port.