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TeachMeFinance.com - explain Foul Bill of Lading Foul Bill of Lading -- A bill of lading issued with notations on it which limit the carrier's liability; for example, a notation that the goods were received damaged, or short, or improperly packaged. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.