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Question 471 - CSCP discussion

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Which of the following statements defines the function of the bill of lading (B/L)?

A.
A document that itemizes freight charges and receipt of freight services
Answers
A.
A document that itemizes freight charges and receipt of freight services
B.
A legally binding contract between the shipper and the buyer
Answers
B.
A legally binding contract between the shipper and the buyer
C.
A document that replaces the terms of agreement on the purchase order so that the driver can take possession of the freight
Answers
C.
A document that replaces the terms of agreement on the purchase order so that the driver can take possession of the freight
D.
A legally binding document providing the driver and the carrier all the details needed to process the freight shipment
Answers
D.
A legally binding document providing the driver and the carrier all the details needed to process the freight shipment
Suggested answer: D

Explanation:

The bill of lading (B/L) serves as a critical document in the transportation and shipping industry. It performs several essential functions:

Legally Binding Document: It serves as a legally binding contract between the shipper and the carrier, ensuring that the carrier is obligated to transport the goods as described.

Details of Shipment: It provides comprehensive details necessary for processing the shipment, including the type and quantity of goods, destination, and instructions for handling the shipment.

Receipt of Goods: Upon receipt, the carrier signs the B/L, acknowledging that the goods have been received in good condition and will be transported as agreed. This ensures that both the driver and the carrier have all the necessary information to handle the freight correctly and legally.

Reference:

'The Role of the Bill of Lading in International Trade' - International Chamber of Commerce

'Understanding the Bill of Lading' - Logistics Management Magazine

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asked 16/09/2024
Armindo Malafaia Neto
35 questions
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