Bill of Lading (BL)
A B/L is issued by the carrier or their agent to the shipper or their agent in exchange for the receipt of the cargo. It’s the proof that the carrier has received the goods from the shipper or their agent in apparent good order and condition. Bill of Lading is issued by the shipping company. It can be used as the proof of shipment for customs and insurance companies. It can be delivered to the bank as a proof, so that the seller can execute the letter of credit. It may also be sent to the buyer, so that he can pay off the contract.