Question 6
Foreign Trade DocumentsA bill of lading serves as:
I. A contract of carriage between shipper and carrier
II. A receipt for goods shipped
III. Evidence of title to the goods
IV. A document of payment guarantee
- A.I and IV only
- B.II and III only
- C.I, II and III only
- D.All of the above
Show the answer and explanation
Answer: C (I, II and III only)
Explanation
A bill of lading is a contract of carriage, a receipt for the goods and a document of title; a payment guarantee is a letter of credit.