OBOL in Transportation Meaning
The OBOL meaning in Transportation terms is "Ocean Bill of Lading". There are 1 related meanings of the OBOL Transportation abbreviation.
OBOL on Transportation Full Forms
- 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)
What does OBOL stand for Transportation?
OBOL stands for Ocean Bill of Lading in Transportation terms.
What is the shortened form of Ocean Bill of Lading in Transportation?
The short form of "Ocean Bill of Lading" is OBOL for Transportation.
Citation
OBOL in Transportation. Acronym24.com. (2021, March 23). Retrieved December 22, 2024 from https://acronym24.com/obol-meaning-in-transportation/
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