A bill of lading has commonly been said to have three characteristics :
1} a contract for the carriage of the goods
2} an acknowledgement of their receipt and
3} documentary evidence of title .
However, there is an uncertainty and dispute about its contractual nature.
The significance of the establishment of the contractual role of bills of lading based on the necessity that any contractual party should know the final terms of the contract upon which the terms of the International Conventio