Definition – A Master Bill of Lading (MBL) is a document created for shipping companies by their carriers as a receipt of transfer.  A MBL summarizes the contents of a shipment including the bill of lading numbers assigned to the various items within the shipment, as well as a description of the freight under each bill of lading. The document also includes the terms for transporting the freight and the name and address of the consignor, or the shipper, and the consignee, the person whom possess the goods.

Related Terms – Original Bill of Lading (OBL); House Bill of Lading (HBL); Master Airway Bill (AWB)