What is the contract for the transport of goods between the shipper and the carrier called?

The contract for the transport of goods between the shipper and the carrier is known as a Bill of Lading. This document serves as a legally binding agreement that details the specific terms regarding the transportation of goods. It includes essential information such as the nature of the goods, the shipping route, and the responsibilities of the shipper and the carrier.

The Bill of Lading not only acts as evidence of the contract but also serves as a receipt for the goods and can be used to transfer ownership of the goods while they are in transit. This multifunctional role underscores its importance in the shipping industry.

In contrast, a Freight Bill refers to the invoice issued by the carrier to the shipper after the transportation has taken place. An Insurance Policy provides coverage for risks associated with shipping but is not the contract relating to transport. A Shipping Manifest is a document that lists all the cargo aboard a shipping vessel but does not itself establish the shipping contract. Thus, the Bill of Lading is crucial in defining the terms of transport and ensuring both parties are aware of their responsibilities.