What are the three major functions of the bill of lading?
The three major functions of the bill of lading inclade: 1) it serves as a cargo receipt signed by the carrier and issued to the shipper or consignor; 2) it constitutes a contract of carriage between the carrier and the consignor; 3) it is a document of title to the goods,and the legal holder of the bill of lading is the owner of the goods it covers.