The significance of the bill of lading is to provide which of the following?
A) The warehouse personnel with the product that must be shipped to customers.
B) Invoices to customers for proper collection.
C) A credit application for customer approval.
D) Evidence of title transfer of goods to customers.

Question

Quizplus · Accepted Answer

The bill of lading serves as a legal document that provides evidence of title transfer of goods from the seller to the buyer or the carrier. It also serves as a receipt of shipment and contract of carriage, specifying the terms and conditions under which the goods are transported, including the quantity, description, and destination of the goods as well as any special instructions or requirements. Therefore, the bill of lading is a crucial document for both the seller and the buyer to ensure proper delivery of goods and payment.

The Significance of the Bill of Lading Is to Provide