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  1. 1
    JMdict
    bill of lading;BL
  2. 2
    Wikipedia

    A bill of lading (sometimes abbreviated as B/L or BoL) is a document issued by a carrier (or his agent) to acknowledge receipt of a shipment of cargo. In British English the term relates to ship transport only, in American English to any type of transportation of goods[citation needed]. A bill of lading must be negotiable, and serves three main functions: \n* it is a conclusive receipt, i.e. an acknowledgment that the goods have been loaded; and \n* it contains or evidences the terms of the contract of carriage; and \n* it serves as a document of title to the goods, subject to the nemo dat rule. Bills of lading are one of three crucial documents used in international trade to ensure that exporters receive payment and importers receive the merchandise. The other two documents are a policy of insurance and an invoice. Whereas a bill of lading is negotiable, both a policy and an invoice are assignable.

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