Original Bill of Lading (OBL) | Shipping Term Explained
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GLOSSARY
Original Bill of Lading (OBL)
The Original Bill of Lading (OBL) is a shipping document that serves as a contract of carriage, a title of the goods, and a shipping receipt.
What is an Original Bill of Lading (OBL)?
An OBL is a shipping document provided by the carrier. There is only one OBL issued, and two additional copies are made when the carrier takes control of the goods. The three bills of ladings are meant for the different involved parties: one for the shipper, another for the consignee, and the last for a third party, which can be the broker, banker, or else.
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