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Bill of Lading (BOL)
A Bill of Lading (BOL) is a legal document issued by a carrier to a shipper that outlines the details of the shipment, including the type, quantity, and destination of the goods. The BOL serves as a receipt for the cargo, a contract of carriage, and a document of title, which can be used to transfer ownership. It is essential for the shipping process as it ensures the correct delivery of goods and provides proof of shipment for financial and legal purposes.