The Full Form of OBL is Ocean Bill of Lading.

An ocean bill of lading is a document required for the transportation of goods overseas across international waters. An ocean bill of lading serves as both the carrier’s receipt to the shipper, and as a collection document or an invoice. The contract is a legally binding document between both the shipper and the carrier of the shipment.

A bill of lading is a legal document or contract between the shipper and carrier which details the type, quantity, and destination of goods being carried. The bill of lading serves as a receipt of shipment when the goods are delivered at the predetermined destination. There are different kinds of bills of lading, each with unique stipulations and conditions.