ocean bill of lading (ocean B/L)

Definition of "ocean bill of lading (ocean B/L)"
  1. A contract that demonstrates a carrier has taken receipt of cargo, signifies cargo ownership, and can be traded while the goods are being transported, if made negotiable
How to use "ocean bill of lading (ocean B/L)" in a sentence
  1. The importer couldn't claim the goods without the ocean bill of lading.
  2. The ocean bill of lading is crucial during the shipment because it documents the ownership of the cargo.
  3. John transacted his ocean bill of lading, allowing the cargo to be sold while still in transit.

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