Shipper / Consignor
An individual or firm that sends freight. A freight originator.
Consignee
An individual or firm to whom freight is shipped. A freight receiver.
Carrier
A firm that provides transportation services, typically owning and operating transportation equipment.
Examples include: trucking company, railroad, airline, steamship line, parcel/express company.
Freight Bill-of-Lading (Freight Bill, BL or BoL)
A document providing a binding contract between a shipper and a carrier for the transportation of freight, specifying the obligations of both parties. Serves as a receipt of freight by the carrier for the shipper. Usually designates the consignee, and the FOB point.
FOB (Free-on-Board) Point
Point at which ownership of freight changes hands from shipper to consignee. FOB origin indicates that consignee owns the goods in transit; FOB-destination indicates that shipper owns goods in transit. Owner of goods in transit is liable for loss and damage to freight, and thus should provide insurance.
An individual or firm that sends freight. A freight originator.
Consignee
An individual or firm to whom freight is shipped. A freight receiver.
Carrier
A firm that provides transportation services, typically owning and operating transportation equipment.
Examples include: trucking company, railroad, airline, steamship line, parcel/express company.
Freight Bill-of-Lading (Freight Bill, BL or BoL)
A document providing a binding contract between a shipper and a carrier for the transportation of freight, specifying the obligations of both parties. Serves as a receipt of freight by the carrier for the shipper. Usually designates the consignee, and the FOB point.
FOB (Free-on-Board) Point
Point at which ownership of freight changes hands from shipper to consignee. FOB origin indicates that consignee owns the goods in transit; FOB-destination indicates that shipper owns goods in transit. Owner of goods in transit is liable for loss and damage to freight, and thus should provide insurance.
