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OBOL in International business Meaning

The OBOL meaning in International business terms is "Ocean Bill of Lading". There are 1 related meanings of the OBOL International business abbreviation.

OBOL on International business Full Forms

  1. Ocean Bill of Lading A document indicating that the exporter will consign a shipment to an international carrier for transportation to a specified foreign market and indicates the terms of the contract of carriage. The ocean B/L serves as a collection document. If it is a straight B/L, the foreign buyer can obtain the shipment from the carrier by simply showing proof of identity. If it is a negotiable B/L, the buyer must first pay for the goods, post a bond, surrender the original B/L or meet other conditions agreeable to the seller.

Frequently Asked Questions (FAQ)

  1. What does OBOL stand for International business?

    OBOL stands for Ocean Bill of Lading in International business terms.

  2. What is the shortened form of Ocean Bill of Lading in International business?

    The short form of "Ocean Bill of Lading" is OBOL for International business.

Citation

OBOL in International business. Acronym24.com. (2021, March 23). Retrieved March 15, 2025 from https://acronym24.com/obol-meaning-in-international-business/

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