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Bill of lading

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Bill of lading

  • This topic has 3 replies, 2 voices, and was last updated 2 weeks ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
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  • February 28, 2023 at 12:31 pm #679790
    krrish2005
    Participant
    • Topics: 35
    • Replies: 103
    • ☆☆

    Sir if a seller issues a non negotiable bill of lading then the buyer can get goods without bill of lading
    Right??
    Since non negotiable bill of lading is not a document of title

    March 1, 2023 at 7:03 am #679846
    MikeLittle
    Keymaster
    • Topics: 26
    • Replies: 22829
    • ☆☆☆☆☆

    Agreed – a non-negotiable bill of lading is NOT a document of title.

    But just because it’s not necessary to produce a non-negotiable bill of lading to establish title, I cannot imagine a carrier handing over goods to a claimant buyer without there being some requirement of proof of entitlement.

    OK?

    March 1, 2023 at 7:10 am #679847
    krrish2005
    Participant
    • Topics: 35
    • Replies: 103
    • ☆☆

    Okay sir so
    We can agree that bill of lading is required by buyer to get the goods released

    March 1, 2023 at 7:26 am #679853
    MikeLittle
    Keymaster
    • Topics: 26
    • Replies: 22829
    • ☆☆☆☆☆

    We can agree that SOME form of identification is required.

    Krrish, much as I admire your thoroughness in these studies, I really do not wish to spend substantial parts of my daily life answering your “what-if” questions

    Today, I’ve had enough. No doubt I shall have a raft of questions to enlighten my day tomorrow but no more from me today.

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