What does the abbreviation "BOL" refer to in logistics?

The abbreviation "BOL" refers to "Bill of Lading," which is a crucial document in logistics and transportation. The Bill of Lading serves multiple essential functions: it acts as a receipt for goods, a contract between the shipper and the carrier, and a document of title that outlines the specifics of the shipment. This includes details such as the type, quantity, and destination of the goods being transported.

Having a Bill of Lading is vital for the movement of goods as it helps to facilitate the tracking and handling of freight throughout the supply chain. It provides necessary legal documentation that can resolve disputes and clarify responsibilities associated with the transport process. Understanding the Bill of Lading and its role enhances logistics and transportation management, making it a fundamental concept for anyone involved in these fields.