Definition
B/L which certifies that the specified goods have been received in apparent good order and condition from the named shipper (consignor), and have been taken aboard the named ship (vessel) on the stated date. Banks funding a shipment require this type of B/L and not a received for shipment bill of lading. Also called onboard bill of lading.
Related Articles
- Mutual Funds v. 401(k) for Retirement *
- Different Types of Credits to be Aware of While Filing Taxes *
- Getting Started with Investments and Financial Planning *
- Introduction to Buying a Car *
- Is Inflation Really Good for the Economy? *
- Less Popular Types of Mutual Funds - Part 1 *
- Bankruptcies: Advantages, Disadvantages and Different Types *
- Finding and Executing the Best Real Estate Deals *
Related Videos
http://www.businessdictionary.com/definition/shipped-on-board-bill-of-lading-B-L.html
