What is an Original Bill of Lading?
The Original Bill of Lading (OBL) is a critical document in the world of freight and shipping. It serves as a legally binding contract between the shipper and the carrier, outlining the terms and conditions of the cargo’s transportation. The OBL is issued by the carrier and serves multiple purposes: it’s a receipt for the goods shipped, a document of title to the goods, and evidence of the terms and conditions of carriage.
The OBL is essential for the consignee to take possession of the goods upon arrival. It’s a unique document that requires careful handling, as its originality is key to its function. The “obl meaning” in the freight industry is synonymous with trust, security, and authenticity in cargo shipment.
Related Freight Glossary Terms
- Express Bill of Lading
