Clean Bill Of Lading

A bill of lading issued by a carrier declaring that the goods have been received in an appropriate condition, without the presence of defects. The product carrier will issue a clean bill after thoroughly inspecting the packages for any damage, missing quantities or deviations in quality.

Often, a clean bill of lading must be issued to fulfill the requirements set forth in letters of credit. Many purchasers rely on letters of credit to pay for imports and banks may refuse to supply the funds if a claused bill of lading is presented. A claused or foul bill is issued when the received product is damaged or does not meet specifications.


Investment dictionary. . 2012.

Look at other dictionaries:

  • clean bill of lading — see bill of lading Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • Clean Bill of Lading — A bill of lading bearing no findings of damage or shortage. Bloomberg Financial Dictionary * * * clean bill of lading clean bill of lading ➔ bill of lading * * * clean bill of lading UK US noun [C] (plural clean bills of lading) COMMERCE,… …   Financial and business terms

  • clean bill of lading — See bill of lading …   Big dictionary of business and management

  • clean bill of lading — A bill of lading which contains nothing in the margin qualifying the words in the bill itself. 13 Am J2d Car § 265; a bill of lading for carriage by vessel which imports stowage below deck. 48 Am J1st Ship § 382 …   Ballentine's law dictionary

  • clean bill of lading — /ˌkli:n bɪl əv leɪdɪŋ/ noun a bill of lading with no note to say the shipment is faulty or damaged …   Marketing dictionary in english

  • clean bill of lading — /ˌkli:n bɪl əv leɪdɪŋ/ noun a bill of lading with no note to say the shipment is faulty or damaged …   Dictionary of banking and finance

  • clean bill of lading — a bill of lading free from statements about damage or poor condition of goods or containers …   Useful english dictionary

  • bill of lading — bill of lad·ing / lā diŋ/: a document issued by a carrier that lists goods being shipped and specifies the terms of their transport ◇ A bill of lading serves as a receipt for the goods, a contract for the transport of the goods, and a document of …   Law dictionary

  • Bill of lading — A contract between the exporter and a transportation company in which the latter agrees to transport the goods under specified conditions which limit its liability. It is the exporter s receipt for the goods as well as proof that goods have been… …   Financial and business terms

  • bill of lading — A contract between an exporter and a transportation company in which the latter agrees to transport the goods under specified conditions that limit its liability. It is the exporter s receipt for the goods as well as proof that goods have been or …   Financial and business terms

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