The bill of lading is an important thing in the logistics industry. It is meant to serve as a transport document or contract for the shipping of goods. In a negotiable bill of lading, it acts as a piece of evidence that contains the terms and conditions of each good that will be delivered.
It is also shown as a receipt which endorses that the courier or carrier has received the cargo and as per the contract, the shipping will have a smooth delivery and the goods are in good condition.
A negotiable bill of lading is a document of title that gives an authority to sell goods and services and to transit it to earn money. Lastly, it gives the right for the delivery of goods to be made to the possessor or receiver.
There are a lot more things that you need to know about bill of lading especially if your business is in the shipping or logistics side. However, it is essential to learn about the importance of bills of lading.
Check out and read this infographic for more details.
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