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Bill of Lading

A contract for the carriage of goods.

A bill of lading has three purposes:

  1. A receipt to the shipper signed by, or on behalf of, the carrier, acknowledging that specified goods have been received for shipment;
  2. A memorandum of the terms and conditions of the contract between the shipper and the carrier for the transportation of the goods to the destination named in the contract; and
  3. It may be evidence of the title of the goods.

» Transportation Program Glossary (James Depow)