Asked by Jaida McNair on May 08, 2024
Verified
The bill of lading is the key document in the movement of goods.
Bill Of Lading
A formal document provided by a carrier to a shipper, specifying the kind, amount, and destination of the goods transported.
- Understand the importance of the FOB point in ascertaining costs, legal ownership, and liability for claims.
Verified Answer
IF
Isaiah FerrerMay 13, 2024
Final Answer :
True
Explanation :
The bill of lading serves as a receipt of goods, evidence of contract of carriage, and a document of title to the goods being shipped. It is therefore considered the key document in the movement of goods.
Learning Objectives
- Understand the importance of the FOB point in ascertaining costs, legal ownership, and liability for claims.