Definition
A bill of lading (B/L) is a legal document issued by a carrier or shipping agent to acknowledge receipt of goods for shipment. It serves as a contract of carriage and a receipt of goods, outlining the terms and conditions of the transportation agreement between the shipper, carrier, and consignee. The bill of lading contains details such as the type and quantity of goods, the origin and destination of the shipment, the mode of transportation, and instructions for delivery, serving as a crucial document in international trade and transportation.
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Private Limited Company (Ltd)
A Private Limited Company (Ltd) is a type of company where the ownership is divided into shares held by a small number of shareholders. The liability of shareholders is limited to the amount unpaid on their shares, and the company’s shares cannot be traded publicly on the stock exchange.
Limited Liability Partnership (LLP)
A Limited Liability Partnership (LLP) is a business structure where partners have limited personal liability for the debts and obligations of the partnership. Each partner’s liability is limited to their investment in the LLP, and they are protected from the actions of other partners.