Bill of lading
Term · Insurance and risk management · MLC-T-INS-003598
A legal document issued by a carrier to a shipper that details the type, quantity, and destination of the goods being carried. It serves as a receipt for the shipped goods, a contract for their transportation, and a document of title, meaning the holder has the right to claim the goods. In the event of a cargo claim under a commercial auto or motor truck cargo policy, the bill of lading is a primary document for verifying the goods and terms of carriage.
| Identifier | MLC-T-INS-003598 |
|---|---|
| Field | Insurance and risk management |
| Subject | Commercial Auto |
Record as JSON
{
"id": "MLC-T-INS-003598",
"term": "Bill of lading",
"field": "Insurance and risk management",
"definition": "A legal document issued by a carrier to a shipper that details the type, quantity, and destination of the goods being carried. It serves as a receipt for the shipped goods, a contract for their transportation, and a document of title, meaning the holder has the right to claim the goods. In the event of a cargo claim under a commercial auto or motor truck cargo policy, the bill of lading is a primary document for verifying the goods and terms of carriage.",
"subject": "Commercial Auto",
"url": "https://mlchart.com/terminology/insurance/bill-of-lading/"
}
Record 325 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.