ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Export/Import licence
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Bill of exchange
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Documentary bill
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Bill of lading
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Documentary credit
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Detailed explanation-1: -A bill of lading is a legal document between a shipper and a transport company (carrier) that spells out the type, quantity, and destination of the goods being transported.
Detailed explanation-2: -A bill of lading (/ˈleɪdɪŋ/) (sometimes abbreviated as B/L or BOL) is a document issued by a carrier (or their agent) to acknowledge receipt of cargo for shipment. Although the term historically related only to carriage by sea, a bill of lading may today be used for any type of carriage of goods.
Detailed explanation-3: -The Bill of Lading is the primary document used in sea transport. The buyer (also referred to as the “consignee") must present the Bill of Lading to receive the cargo. The Sea Waybill is the second most used document used in sea transport.