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Explain the meaning of Certificate of indemnity/bill of lading and give its functions

Meaning of Certificate of indemnity/bill of lading and its functions.

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Benjamin
Meaning of Certificate of indemnity/bill of lading

Certificate of indemnity/bill of lading is a document written by the ship captain showing the agreement between the shippimg company and the importor or exportor showing the terms and conditions under which the goods are to be transported

Functions

- It is evidence of receipt of goods by the shipping company
- Contract of courage
- It is a document of title
- Used by the importor to have the goods released
Kalis answered the question on March 23, 2018 at 08:04

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