A bill of lading:
A)is the same as a letter of credit.
B)is received from the importer prior to product shipment.
C)is a financial note issued by a bank.
D)gives title to the goods.

Question

Quizplus · Accepted Answer

A bill of lading is a legal document that gives title and ownership of the goods being shipped from the exporter to the importer. It is not the same as a letter of credit, which is a financial instrument used to guarantee payment in international trade transactions. The bill of lading is also not usually received from the importer prior to shipment, but rather from the carrier or shipping line upon acceptance of the goods.

A Bill of Lading