A bill of lading serves all of the following functions except:

Name: A bill of lading serves all of the following functions except:
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Question

Quizplus · Accepted Answer

While a bill of lading serves as a title document, evidence of receipt, and a carriage contract between the ship owner and shipper, it is not typically used as a valuation document for customs purposes. Customs valuations are typically based on other documents or methods, such as commercial invoices or the transaction value of the goods.

A Bill of Lading Serves All of the Following Functions