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JAMB Commerce 1997 Question 22

Question 22

Foreign Trade Documents

In foreign trade, document of title is known as

  1. A.bill of lading
  2. B.bill at sight
  3. C.certificate of origin
  4. D.declaration form.
Show the answer and explanation

Answer: A (bill of lading)

Explanation

The bill of lading is evidence of ownership of goods shipped; whoever holds it can claim the goods.