Once a product has been shipped internationally and the title has been transferred, the exporter receives what is called a
A) international invoice.
B) bill of lading.
C) letter of confirmation.
D) letter of credit.

Question

Quizplus · Accepted Answer

The bill of lading is a legal document that serves as proof of ownership of the goods and confirms that they have been shipped. It includes details such as the type and quantity of goods, the shipper and consignee information, and the date and place of delivery. It is typically issued by a carrier or freight forwarder and serves as evidence of the contract of carriage between the exporter and the carrier. This document is important for customs clearance and for the importer to take possession of the goods.

Once a Product Has Been Shipped Internationally and the Title