Bill of Lading [Last Updated by: admin on 2012-01-01]
A document that establishes the terms of a contract between a shipper and a transportation company under which freight is to be moved between a shipper and a transportation company under which freight is to be moved between specified points for a specified charge. Usually prepared by the shipper on forms issued by the carrier. It serves as a document of title, a contract of carriage, and a receipt for goods. A receipt for goods issued by a carrier that indicates that the goods were received in "apparent good order and condition", without damage or irregularities.