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In this video, the presenter explains the concept of a bill of lading, including its various types and provides samples. The discussion begins with how a bill of lading functions in international trade, illustrated by a diagram depicting the seller on one side and the buyer on the other side, following a sales and purchase contract. The video references a previous discussion on payment methods in international trade, available in the description. Once the contract is signed and the goods are shipped by the seller via a shipping agent, the agent issues two types of documents: the original negotiable bill of lading (which is signed) and the non-negotiable bill of lading (which is not signed). Samples of both are shown.