BL (1)
BL (1) stands for Bill of Lading, which is 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 of shipment when the goods are loaded onto a vessel and a contract of carriage between the carrier and the shipper. The BL (1) also serves as a document of title, which means that it can be bought, sold, or traded while the goods are in transit. The BL (1) is an important document in international trade as it provides proof of ownership of the goods and is required for the release of the goods at the destination port.
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