Question

A bill of lading is the document representing the contract between the shipping company and the common carrier.

1) True
2) False

Answer 1

A bill of lading is a legally binding document that serves as evidence of a contract between the shipping company and the common carrier. It outlines the terms and conditions of transportation, including the type and quantity of goods being transported, the points of origin and destination, and the responsibilities of each party involved.

Step-by-step explanation:

A bill of lading is a legally binding document that serves as evidence of a contract between the shipping company and the common carrier. It outlines the terms and conditions of transportation, including the type and quantity of goods being transported, the points of origin and destination, and the responsibilities of each party involved.

The bill of lading plays a crucial role in international trade as it serves as a receipt of goods when they are loaded onto the carrier, a document of title that can be used to transfer ownership of the goods, and a proof of shipment for insurance and customs purposes.

Answer 2

A bill of lading is a document that serves as a contract between the shipping company and the common carrier. Therefore, the statement is true.Therefore, the statement 'A bill of lading is the document representing the contract between the shipping company and the common carrier' is true.

Step-by-step explanation:

A bill of lading is a document that serves as a contract between the shipping company and the common carrier. It outlines the terms and conditions of the transportation of goods, including the description of the goods, their quantity, and the agreed-upon delivery location. For example, when a shipping company hires a common carrier to transport a container of goods, they would issue a bill of lading that specifies the details of the contract, such as the shipping route, the shipping fees, and the responsibilities of each party.

Therefore, the statement 'A bill of lading is the document representing the contract between the shipping company and the common carrier' is true.

A bill of lading is actually a document issued by a carrier to a shipper, detailing the type, quantity, and destination of the goods being carried. The bill of lading serves as a shipment receipt when the carrier delivers the cargo at the predetermined destination. It is a key document used in the transport of goods both domestically and internationally, as it also serves as a document of title that can be transferred to others.