House Bill of Lading

House Bill of Lading is the BoL issued by a freight forwarder to a shipper as a receipt for the goods being shipped with other cargo as one consignment (usually as a full container load). The shipping company's (carrier's) BoL shows the forwarder as the consignor, and the name of forwarder's agent at the port of destination as the consignee. Although it is not a complete document of title, a house BoL has a legal standing similar to that of a normal BoL. If not specifically prohibited, it is capable of being negotiated and accepted by the importer's bank for payment under a letter of credit. Also called a forwarder's bill of lading.