A bill of lading is a contract between the exporter and the shipper indicating that the shipper has accepted responsibility for the goods and will provide transportation in return for payment.

Question

Quizplus · Accepted Answer

A bill of lading is indeed a legal document between the shipper of goods and the carrier, detailing the type, quantity, and destination of the goods being carried. It serves as a shipment receipt when the carrier delivers the goods at the predetermined destination. It also outlines the specific terms and conditions under which the transportation is to occur, including the carrier's responsibility for the goods and the payment that the shipper will provide in return for the carrier's service.

A Bill of Lading Is a Contract Between the Exporter