Which statement is NOT a feature of the bill of lading?

Which statement is NOT a feature of the bill of lading?

• A. It is a receipt
• B. It is a contract naming the parties and rate
• C. It is a copy of the freight bill
• D. It lists other obligations

Answer: (C)

A bill of lading serves as a receipt for goods, a contract of carriage naming the parties and the terms (including the rate), and often a document that outlines additional obligations. It may also function as a document of title, allowing ownership to transfer with the shipment. The freight bill, on the other hand, is just an invoice for the transportation charges. It is not the same document as the bill of lading and does not establish the contract terms or serve as a title document. Therefore, stating that the bill of lading is a copy of the freight bill is not a feature of the bill of lading.

A bill of lading serves as a receipt for goods, a contract of carriage naming the parties and the terms (including the rate), and often a document that outlines additional obligations. It may also function as a document of title, allowing ownership to transfer with the shipment. The freight bill, on the other hand, is just an invoice for the transportation charges. It is not the same document as the bill of lading and does not establish the contract terms or serve as a title document. Therefore, stating that the bill of lading is a copy of the freight bill is not a feature of the bill of lading.