LP3 Assignment: Bill of Lading This assignment will assess the following competency 2. EVALUATE the process for conducting International sales, credits, and commercial transactions. Directions: WRITE...

The seaways trading have a legacy and share in the development of the modern world as it is seen. Since medieval period, the contractual supply of the goods through carriers used by the shippers has been a trend which is still followed. In this context, the Bill of lading is the official document which is the written commitment of the carrier with the shipper of goods. It serves the purpose of the title of goods and it is comprised of the Goods Act of 1992, formulated and implemented internationally. The evidences given in favor of the title of goods also fulfill the purpose of the legal interventions, if any to be applied in the process of establishing the contract between the two parties.
Since the time of its foundation, the Bill of Lading has been used as the legal document however, unlike charter party; the Bill of Lading should not be misunderstood as the document of shipping the goods by carriers. “he information in the bill of lading is critical as it directs the actions of personnel all along the route of the shipment - where it's...