Glossary Ocean B/L (Ocean Bill of Lading)

An Ocean Bill of Lading is a legal document used as evidence of a contract between a shipper and a carrier in the logistics industry. It contains important information such as the names of the shipper and consignee, port of loading and discharge, the description of the goods being transported, and the terms and conditions of the shipment. The Ocean B/L serves as a receipt for the cargo, a document of title, and a contract of transportation between the shipper and the carrier. It is a crucial document in international trade and logistics, as it helps ensure that the cargo is transported to its intended destination safely and efficiently.