Glossary of Shipping Terms: (Bill of Lading): Non-Negotiable B/L - Reconciled B/L

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Glossary of Shipping Terms: (Bill of Lading): Non-Negotiable B/L - Reconciled B/L

Bill of Lading (B/L)
A document that establishes the terms of a contract between a shipper and a transportation company. It serves as a document of title, a contract of carriage and a receipt for goods.

* Non-Negotiable B/L: See Straight B/L. Sometimes means a file copy of a B/L.
* "Onboard" B/L: B/L validated at the time of loading to transport. Onboard Air, Boxcar, Container, Rail, Truck and Vessel are the most common types.
* Optional Discharge B/L: B/L covering cargo with more than one discharge point option possibility.
* "Order" B/L: See Negotiable B/L.
* Original B/L: The part of the B/L set that has value, especially when negotiable; rest of set are only informational file copies. Abbreviated as OBL.
* Received for Shipment B/L: Validated at time cargo is received by ocean carrier to commence movement but before being validated as "Onboard".
* Reconciled B/L: B/L set which has completed a prescribed number of edits between the shippers instructions and the actual shipment received. This produces a very accurate B/L.

The terms in this glossary have been carefully selected from the myriad of terms one can encounter in the shipping business through the Department of Transportation in the interest of information exchange. Neither the U.S. Government or Shipping-web.com assume liability for its contents or use thereof nor do they endorse products. We hope you will find it useful.