Clean on board bill of lading

Clean on board bill of lading,

Definition of Clean on board bill of lading:

1. A transport document issued by a carrier to a shipper based on a dock receipt or provided by a customs broker that proves goods have been shipped and which has no clause or notation which indicates that the shipped goods or their packaging were defective or insufficient in number. Most banks require a clean on board bill of lading in order to finance a shipment.