Glossary

Ocean Bill of Lading

Tags: Glossary

A legal document that serves as a contract between the shipper and carrier for the transportation of goods by sea.

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What is Ocean Bill of Lading?

An ocean bill of lading is a legal document that serves as a contract between the shipper and the carrier for the transportation of goods by sea. It provides details about the shipment, including the type of goods being shipped, the quantity, and the destination. The ocean bill of lading also serves as a receipt for the goods, acknowledging that they have been received by the carrier for transport. The ocean bill of lading is an important document in international trade, as it serves as proof of ownership of the goods and is used to facilitate payment and customs clearance. 

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