A contract between an exporter and a carrier indicating that the carrier has accepted responsibility for the goods and will provide transportation in return for payment is called a(n)________.
A)bank draft
B)trade draft
C)capital budget
D)lead
E)bill of lading

Question

Quizplus · Accepted Answer

A bill of lading is a legal document issued by a carrier that acknowledges receipt of goods and indicates the contract between the exporter and the carrier. It serves as proof of ownership and provides details about the goods being shipped, the destination, and the terms of transportation. The carrier assumes liability for the safe delivery of the goods, and the exporter pays for the transportation services.

A Contract Between an Exporter and a Carrier Indicating That