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Question 325 - CSCP discussion

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Bill of lading (B/L) documentation includes which of the following?

A.
Country where goods were produced
Answers
A.
Country where goods were produced
B.
Contract for shipping and ownership of goods
Answers
B.
Contract for shipping and ownership of goods
C.
Description and terms of sale of goods
Answers
C.
Description and terms of sale of goods
D.
Means of payment for import/export of goods
Answers
D.
Means of payment for import/export of goods
Suggested answer: B

Explanation:

A Bill of Lading (B/L) is a crucial document in the shipping and logistics industry. It serves multiple key functions:

Contract for Shipping: The B/L acts as a contract between the shipper and the carrier, detailing the terms and conditions under which the goods will be transported.

Ownership of Goods: It also serves as a document of title, indicating ownership of the goods being shipped. This allows for the transfer of ownership during the shipping process if needed.

Options A (Country where goods were produced), C (Description and terms of sale of goods), and D (Means of payment for import/export of goods) are not primary functions of the Bill of Lading.

'The Transportation and Logistics Industry: A Complete Guide' by William T. Walker

Council of Supply Chain Management Professionals (CSCMP)

asked 16/09/2024
Wilson Geneblazo
33 questions
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