Bill of lading (B/L)

In the supply chain, a bill of lading (B/L) is a legal document issued by a carrier or their agent to acknowledge the receipt of goods for shipment. It serves as a contract of carriage and a receipt of goods, documenting the details of the cargo, the terms of transportation, and the parties involved. The B/L also serves as a title document, representing ownership of the goods and allowing for their transfer during transit.