Transportation Operations LINCS Practice Exam

What does the Bill-of-Lading not establish?

1. Ownership of goods

2. Evidence to resolve disputes

3. Carrier receipt of goods

4. Transportation costs

The correct answer is: Transportation costs

The Bill of Lading serves several important functions in the transportation of goods. While it does establish ownership, provide evidence to resolve disputes, and act as a receipt for the carrier acknowledging the receipt of goods, it does not inherently establish transportation costs related to the shipment. Transportation costs are typically determined through separate agreements or contracts, such as the freight agreement, rather than being explicitly detailed in the Bill of Lading itself. The Bill of Lading primarily focuses on the terms of transportation, the identification of the goods being transported, and the parties involved, without directly communicating any financial aspects associated with those goods. Thus, while transportation costs are a critical part of the shipping process, they are not established or detailed within the Bill of Lading document itself.