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A Bill of lading or BOL is a receipt that contains information about the supplier, transporter, and receiver of a cargo. It is 100% legal and acts as a Negotiable bill of lading transportation contract.
Understanding Through Bill of Lading It is required to ship goods and acts as a receipt and contract. It shows that the carrier has received the freight as described?that's the cargo receipt. It also documents the terms of delivery and release of the product.
A bill of lading (B/L or BOL) is one of the most important shipping documents you'll need to transport any kind of shipment. You won't be able to make a shipment without it. A BOL is issued for all cargo transported by sea.
The carrier is not justified in delivering the goods to a cargo unless the bill of lading is produced, even if the carrier knows that he is the owner of the goods. Besides legal reasons, there can be practical reasons for this rule.
Though not yet universally used, a telex release sent via email can replace the need to obtain the original BL to release shipped goods to the recipient. A telex release allows the carrier's agent to release the cargo at one port even though the original bill of lading may be at a different port.
Importers can refuse a shipment of goods if there is no accompanying clean bill of lading, or if a claused bill of lading comes with the shipment. That's because the entity that receives the goods?the importer?pays the shipper for a certain quantity of goods in a specific condition.
In the absence of bill of lading, if a person wishes to take delivery of the goods, then he has to prove that he is entitled to the possession of the goods and there is a reasonable explanation for such absence.