Supply Chain Management Professional (SCMP) · Question
What does a 'bill of lading' primarily serve as in transportation?
A bill of lading is a crucial document confirming receipt of goods, outlining the terms of carriage, and serving as a document of title to the goods.
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Question: What does a 'bill of lading' primarily serve as in transportation?
Answer options:
- An invoice for the shipping services.
- A contract between the sender and the recipient. ✅ A document of title, receipt of goods, and contract of carriage.
- An insurance certificate for the cargo.
Correct answer: A document of title, receipt of goods, and contract of carriage.
Explanation: A bill of lading is a crucial document confirming receipt of goods, outlining the terms of carriage, and serving as a document of title to the goods.
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