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What is Understanding Bills of Lading in Trade about?
The Bill of Lading is a crucial document in international trade, serving as a receipt, document of title, and evidence of a contract of carriage. It has evolved over time, with its functions defined by various legal frameworks, including the Bills of Lading Act of 1855 and the Carriage of Goods by Sea Act 1992. The document is negotiable and can be transferred, but it is not a contract itself; rather, it serves as evidence of the underlying contract between the cargo owner and the carrier.
- Author
- Angel L Portuondo
- Language
- EN