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Last edited 22 Feb 2021
Bill of lading
The UN Procurement Practitioner's Handbook, produced by the Interagency Procurement Working Group (IAPWG) in 2006 and updated in 2012, defines a bill of lading (B/L or BOL) as: ‘A carrier's contract and receipt for goods it agrees to transport from one place to another and to deliver to a designated recipient (consignee).’
This definition is also used in The Chartered Institute of Procurement & Supply (CIPS) Glossary of procurement terms.
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