The financial definition for On Board Ocean Bill of Lading:
An ocean bill of lading bearing an on board notation, or words indicating that the merchandise is located aboard the vessel for transportation. These notations must be initialed or signed by an authorized employee or agent of the ship line.
Claused Bill of Lading
Claused Bill of Lading A bill of lading whit a notation that indicates damage or shortage. Also called foul bill of lading and are the opposite of clean bills of lading.