The bill of lading is one of the main documents associated with sea freight within international sourcing. Which of the following statements represent some of the uses of the bill of lading? Select TWO that apply.
A.
It provides evidence of the contract of carriage for the goods
B.
It provides evidence of the title of ownership of the goods
C.
It provides evidence of the country of origin of the goods
D.
It provides evidence that the goods are fully insured in transit
E.
It provides evidence guaranteeing the use of Incoterms on the goods
The bill of lading serves as both a receipt of goods and a document of title, which means it confirms the contract of carriage and can transfer ownership. Responsible sourcing in international trade requires precise documentation, which is why the bill of lading is critical in verifying both carriage and title.
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