Definition:
A document used as evidence that a transport company or carrier received goods from a shipper. This contract indicates the shipping method and terms for getting the merchandise to its final destination.
It is the retailers responsibility to read and agree with the bill of lading before signing it. Attach this document to the packing slip, invoice copy and/or purchase order as proof of receipt of merchandise.
Also Known As: BOL, B/L, Waybill
Examples:
Before the truck driver leaves, we must inspect the cartons of merchandise received and compare the delivery with the information on the bill of lading, which we must sign and proof of receipt.