lading, bill of

law
      document executed by a carrier, such as a railroad or shipping line, acknowledging receipt of goods and embodying an agreement to transport the goods to a stated destination. Bills of lading are closely related to warehouse receipts, which contain an agreement for storage rather than carriage. Both may be negotiable when they provide that the goods are to be delivered not to a fixed individual but, typically, to the order of a stated person; this person may endorse the document and give it to another, who will then be entitled to receive the goods. Such a negotiable document of title, which calls for the delivery of goods, must be distinguished from negotiable commercial paper such as notes and bills of exchange, which call for the payment of money. See also charter party.

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Universalium. 2010.

Look at other dictionaries:

  • lading, bill of — See bill of lading …   Black's law dictionary

  • bill of lading — bill of lad·ing / lā diŋ/: a document issued by a carrier that lists goods being shipped and specifies the terms of their transport ◇ A bill of lading serves as a receipt for the goods, a contract for the transport of the goods, and a document of …   Law dictionary

  • bill — n 1: a draft of a law presented to a legislature for enactment; also: the law itself the GI bill ap·pro·pri·a·tions bill /ə ˌprō prē ā shənz /: a bill providing money for government expenses and programs ◇ Appropriations bills originate in the… …   Law dictionary

  • Bill of lading — Admiralty law History …   Wikipedia

  • Bill of lading — A contract between the exporter and a transportation company in which the latter agrees to transport the goods under specified conditions which limit its liability. It is the exporter s receipt for the goods as well as proof that goods have been… …   Financial and business terms

  • bill of lading — A contract between an exporter and a transportation company in which the latter agrees to transport the goods under specified conditions that limit its liability. It is the exporter s receipt for the goods as well as proof that goods have been or …   Financial and business terms

  • bill — As a legal term, this word has many meanings and applications, the most important of which are set forth below: Bill of Rights. A formal and emphatic legislative assertion and declaration of popular rights and liberties usually promulgated upon a …   Black's law dictionary

  • bill — As a legal term, this word has many meanings and applications, the most important of which are set forth below: Bill of Rights. A formal and emphatic legislative assertion and declaration of popular rights and liberties usually promulgated upon a …   Black's law dictionary

  • bill of lading order — n. A negotiable bill of lading that can be sold, and that causes title to the goods to vest in its holder, who can collect the goods by presenting the bill of lading to the carrier. The Essential Law Dictionary. Sphinx Publishing, An imprint of… …   Law dictionary

  • Bill of lading — Bill Bill, n. [OE. bill, bille, fr. LL. billa (or OF. bille), for L. bulla anything rounded, LL., seal, stamp, letter, edict, roll; cf. F. bille a ball, prob. fr. Ger.; cf. MHG. bickel, D. bikkel, dice. Cf. {Bull} papal edict, {Billet} a paper.]… …   The Collaborative International Dictionary of English

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