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Which of the following purpose does lading serves?
It is the receipt, for the goods shipped, containing the terms on which they have been received
It is the evidence of the contract for carriage of goods
It is a document of title for the goods specified therein
All of these
- Option 1: A bill of lading is indeed a receipt for the goods shipped. It lists the terms under which the goods have been received, providing details like the type, quantity, and destination of the goods.
- Option 2: It also serves as evidence of the contract for the carriage of goods, outlining the agreement between the shipper and the carrier.
- Option 3: Moreover, it acts as a document of title to the goods specified. This means the holder of the bill has the right to claim ownership of the goods stated in it.
- Option 4: All of the aforementioned statements are correct concerning the purposes of a bill of lading.
By: santosh ProfileResourcesReport error
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