Simple English definitions for legal terms
Read a random definition: OEQ
Definition: A document that acknowledges the receipt of goods by a carrier or shipper's agent and the contract for the transportation of those goods. It indicates the receipt of goods for shipment and is issued by a person engaged in the business of transporting or forwarding goods. A bill of lading is a document of title, and a negotiable bill of lading authorizes the carrier or holder of freight to deliver it to the bearer.
Examples:
The examples illustrate different types of bills of lading and their characteristics. For instance, a bearer bill of lading is negotiable and can be transferred to another person, while a clean bill of lading has no qualifications or clauses. A through bill of lading involves multiple carriers to transport goods to a final destination.