Ocean Bill of Lading (Ocean B/L)
Definition
An ocean bill of lading is a legal document issued by a carrier or shipping line to acknowledge the receipt of goods for transportation by sea. It serves as evidence of the contract of carriage and outlines the terms and conditions of the shipment. The ocean bill of lading contains details such as the names and addresses of the shipper and consignee, description of the goods, port of loading and discharge, freight charges, and any special instructions or conditions.
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