A(n) ________ is an instrument issued by an ocean carrier to a shipper that serves as a receipt for goods shipped, as evidence of the contract of carriage, and as a document of title for the goods.

Question

Quizplus · Accepted Answer

A bill of lading is a legal document issued by a carrier to a shipper that outlines the details of the goods being transported, the contract of carriage, and serves as proof of shipment and delivery. It also acts as a document of title, which means that the holder of the bill of lading has the right to take possession of the goods described in the document. Bills of lading are commonly used in ocean shipping, but can also be used in other modes of transportation. The other options listed (B) air waybill, (C) letter of credit, and (D) bill of exchange are all different types of documents used for other purposes in international trade.

A(n) ________ Is an Instrument Issued by an Ocean Carrier