Describe the three main functions of a bill of lading, Supply Chain Management

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QUESTION 1

(a) (i) Explain the meaning of a Bill of Lading

(ii) Describe the three main functions of a Bill of lading

(b) Explain the meaning and purpose of an Air Waybill

QUESTION 2

Purchasing from international sources has always been characterized by "lack of trust" between the buyer and the seller

(a) Describe the role of banks, as intermediaries, in establishing trust between the buyer and seller

(b) Explain the meaning and importance of a Letter of Credit as an instrument of payment in International Purchasing

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