Simple English definitions for legal terms
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An overseas bill of lading is 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 is used for overseas shipment by water or air.
For example, if a company in the United States wants to ship goods to a customer in Europe, they would use an overseas bill of lading to document the shipment and the terms of the transportation contract.
Another example would be if a company in China wants to ship goods to a customer in Australia, they would also use an overseas bill of lading to document the shipment and the terms of the transportation contract.
The examples illustrate how an overseas bill of lading is used to document the shipment of goods for international transportation and to establish the terms of the transportation contract.
overriding royalty | Overseas Private Investment Corporation