On Board Bill of Lading
From Supply Chain Management Encyclopedia
The bill of lading (B/L) which certifies that the specified goods have been received in apparent good order and condition from the named shipper (consignor), and have been taken aboard the named ship (vessel) on the stated date. Banks funding a shipment require this type of B/L and not a received for shipment bill of lading. Also called shipped on board bill of lading.