Original Bill of Lading 

1. Original Bill of Lading 

• Definition: This is a formal transport document issued by the carrier, usually in paper form, and it has legal authority.
• Characteristics:
  • It serves as a document of title, meaning the holder of the original bill has control over the goods.
  • The consignee must present the original bill at the destination port to receive the goods.
  • It’s commonly used in transactions requiring strict control over the transfer of goods ownership.
• Usage: Suitable for transactions involving letters of credit or those requiring strict control of goods.