International Trade — OCM STD 11 Commerce — Question
Gujarat BoardEnglish MediumSTD 11 CommerceOCMInternational Trade2 Marks
Question
What is bill of lading ?
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Answer
Bill of lading is a receipt given by shipping company to the exporter. It shows that goods to be transported to the importer are received from the exporter.
The exporter endorse his goods in favor of the importer. In this document name of the exporter, quantity of goods, packing, marking, name and address of the importer, details of the ship, name of the captain of the ship, conditions etc. are shown.
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