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A bill of lading is a document issued by a carrier to acknowledge receipt of cargo for shipment. It serves multiple crucial functions in national and international trade.
One key function is its receipt. It acknowledges that the carrier has received the goods in good condition for shipment. Next is the contract of carriage. It represents the agreement between the shipper and the carrier, outlining the terms and conditions under which the goods will be transported.
The next is the document of title. This gives the holder the right to take possession of the goods at the destination.
One key function is its receipt. It acknowledges that the carrier has received the goods in good condition for shipment. Next is the contract of carriage. It represents the agreement between the shipper and the carrier, outlining the terms and conditions under which the goods will be transported.
The next is the document of title. This gives the holder the right to take possession of the goods at the destination.