A document that serves as a contract, a receipt, and a certificate of title in an international transaction is known as a:
A) certificate of origin
B) manifest
C) packing list
D) bill of lading (B\L)

Question

Quizplus · Accepted Answer

A bill of lading (B\L) is a document that serves as a contract between the shipper and the carrier, a receipt for the goods being shipped, and a certificate of title to the goods. It includes information about the shipment, such as the quantity and type of goods, the names of the parties involved, and the destination. It is essential in international trade and is used to ensure that the goods are delivered to the correct recipient and that payment is made for the goods. A certificate of origin is a document that certifies the country of origin of the goods, a manifest is a document that lists the goods being shipped, and a packing list provides a detailed list of the contents of each package in the shipment. While these documents are important in international trade, they do not serve the same functions as a bill of lading.

A Document That Serves as a Contract, a Receipt, and a Certificate