Forwarders bill of lading (B/L),
Definition of Forwarders bill of lading (B/L):
B/L issued by a freight forwarder to a shipper as a receipt for the goods being shipped with other cargo as one consignment (usually as a full container load). The shipping companys (carriers) B/L shows the forwarder as the consignor, and the name of forwarders agent at the port of destination as the consignee. Although it is not a complete document of title, a forwarders B/L has a legal standing similar to that of a normal (carriers) B/L. If not specifically prohibited, it is capable of being negotiated and of acceptance by the importers bank for payment under a letter of credit. Also called house bill of lading.
Meaning of Forwarders bill of lading (B/L) & Forwarders bill of lading (B/L) Definition