Bill of adventure

A written certificate used in goods that are shipped under the name of a merchant, shipmaster, or shipowner. It certifies that the property and risk in the goods belong to a person other than the shipper and that the shipper…

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Bill of exchange

An unconditional order in writing, signed by a creditor (drawer) such as a buyer, and addressed to another person (drawee), typically a bank, ordering the drawee to pay a stated sum of money to yet another person (payee), often a…

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Bill of Lading B/L

A transport document issued or signed by a carrier evidencing a contract of carriage acknowledging receipt of cargo. This term is normally reserved for carriage by vessel (marine or ocean bill of lading) or multimodal transport. All B/Ls must indicate…

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Bill of parcels

A statement that lists the descriptions and prices of goods in a parcel and that is sent to the buyer with the goods. Also called packing list.

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Bill-to party

In shipping, refers to the party designated on a bill of lading as the one responsible for payment of the freight charges; this can be the shipper,. freight forwarder, consignee, or another person. The bill-to party pays the charges associated…

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