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International Trade & Logistics Terminology

Our glossary simplifies common industry terms in freight and logistics into clear, easy-to-understand explanations.

Waybill

Waybill A bill of lading (B/L) is a crucial document for maritime transport, serving as a transport contract, a delivery receipt, and a certificate of title. It records cargo details, the vessel's name and voyage, and the consignee, and serves as a crucial basis for letter of credit settlement and customs clearance. Bills of lading include named, order, and bearer. Proper issuance and circulation safeguard cargo ownership and capital security, reducing trade risks.

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