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The video discusses the concept of a bill of lading, its types, and includes examples. It explains how a bill of lading functions within international trade, illustrated with a diagram showing a seller and buyer who have entered into a sales contract. The video references prior content on payment methods in international trade, with a link provided in the description. Once the contract is signed, the seller ships the goods through a shipping agent, who issues two sets of documents: the original negotiable bill of lading and the non-negotiable bill of lading. The key distinction is that the original bill of lading is signed, while the non-negotiable version is not.
