Which document is used for ocean shipments?

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Multiple Choice

Which document is used for ocean shipments?

Explanation:
The key idea is identifying the document that governs ocean shipments and acts as the contract, receipt, and document of title for goods in transit. In ocean freight, the Bill of Lading is issued by the carrier to the shipper and serves three important roles: it acts as a receipt confirming the goods were received, it is the contract of carriage outlining the terms, and it functions as a document of title that can be used to transfer ownership of the goods while they are in transit. The airbill is specific to air shipments and doesn’t serve as a title document for sea cargo. A waybill is a general shipment record used in various modes and typically isn’t a title document. Shipping papers are regulatory documents used for compliance, not the primary title or receipt for ocean cargo. So the Bill of Lading is the document used for ocean shipments.

The key idea is identifying the document that governs ocean shipments and acts as the contract, receipt, and document of title for goods in transit. In ocean freight, the Bill of Lading is issued by the carrier to the shipper and serves three important roles: it acts as a receipt confirming the goods were received, it is the contract of carriage outlining the terms, and it functions as a document of title that can be used to transfer ownership of the goods while they are in transit. The airbill is specific to air shipments and doesn’t serve as a title document for sea cargo. A waybill is a general shipment record used in various modes and typically isn’t a title document. Shipping papers are regulatory documents used for compliance, not the primary title or receipt for ocean cargo. So the Bill of Lading is the document used for ocean shipments.

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