BOL Meaning in Logistics

The Bill of Lading (BOL) is a legal document required in logistics that details the shipment, quantity, destination, and parties involved. It serves as a contract between the shipper and carrier.

The BOL acts as proof of delivery and is crucial in resolving disputes or issues that may arise during transit. The carrier typically issues it, and the shipper must present it during customs clearance. The BOL contains essential information that ensures the accuracy and efficiency of the supply chain, making it a vital component in logistics management.