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22 April, 07:48

The significance of the bill of lading in overseas shipments is to provide which of the following?

(A) The warehouse personnel with the product that must be shipped to customers.

(B) Invoices to customers for proper collection.

(C) A credit application for customer approval.

(D) Evidence of title transfer of goods to customers.

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Answers (1)
  1. 22 April, 08:33
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    D. Evidence of title transfer of goods to customers.

    Explanation:

    The bill of lading is a legally binding document that provides the carrier and shipper with all of the necessary details to accurately process a shipment. It has three main functions. (1) it is a document of title to the goods described in the bill of lading. (2) it is a receipt for the shipped products. (3) the bill of lading represents the agreed terms and conditions for the transportation of the goods.
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