How is bill of lading a useful document for foreign trade? - Vidyadip

Question

How is bill of lading a useful document for foreign trade?

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Answer

Bill of lading is an authorized receipt of goods received by shipping company from the exporter. It is a proof that payment is made to shipping company.
It is a proof of paid freight, primate and other all expense. It includes the conditions on which shipping company has accepted goods for transportation.
After obtaining bill of lading, it is the responsibility of shipping company to transport the goods to the destination of importer. Bill of lading is a transferable document It can be sold to another person by endorsing it.
From this view point, it is an important document.

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