Bill of lading
A bill of lading is the contract between the owner of the goods and the carrier moving them.
Official source: Trade Terms | International Trade Administration — Glossary of Trade Terms →
Vessel shipments use two forms: a straight bill, which is not negotiable, and an order or shipper's-order bill, which is negotiable and can be bought, sold or traded while the cargo is still in transit. The original order ocean bill is the document that evidences title, so the goods are released only once the buyer has endorsed it and surrendered it to the carrier. Air movements travel under an air waybill, which is non-negotiable and does not have to be presented to claim the consignment.
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