Question

Bills of lading also function as a receipt for the goods. When goods to be transported are left with the carrier, various bills of loading may be provided to the shipper. Indicate the purpose served by the following bills of lading:

a) Straight bill of lading
b) Order bill of lading
c) Received-for-shipment bill of lading
d) Claused bill of lading

Answer 1

The different types of bills of lading serve different purposes in shipping and transportation of goods.

Step-by-step explanation:

Straight bill of lading: This bill of lading is non-negotiable and is typically used when the goods are pre-paid or when the shipper does not want the goods to be transferred to anyone else.

Order bill of lading: This bill of lading is negotiable and can be transferred to another party. It is commonly used when the goods are sold before they reach their destination.

Received-for-shipment bill of lading: This bill of lading is issued when the goods have been received by the carrier but have not yet been loaded onto the transport vessel.

Claused bill of lading: This bill of lading contains additional clauses or remarks indicating specific conditions or issues related to the goods being transported, such as damage or discrepancies.