MODEL QUESTION .
What are Bills of lading (BOL)? What purpose does a BOL serve in trade? Compare the various types and forms of BOL across the various modes of transportation.
Response guidelines: Candidates are required to define the bill of lading. Candidates are required to explain the benefits and importance of a bill of lading in local and global trade. Candidates are expected to identify the various types of bills of lading and their applications considering the various modes of transport i.e. sea, air, multi-modal.
• Ocean to Ocean Bill of lading Multimodal Bill of lading Master Bill of Lading / Mother Bill of lading – House Bill of Lading Seaway bill of lading
Surrender Bill of Lading / Switch Bill of lading / Charter party Bill of Lading
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