JAMB Commerce 2001 Question 28

Question 28

Foreign Trade Documents

A documentary bill will normally be accompanied by

  1. A.sales invoice, bill of lading and insurance certificate
  2. B.clean bill, bill of lading and insurance certificate
  3. C.bill of lading, consular invoice and insurance certificate
  4. D.consular invoice, FOB certificate and bill of lading.
Show the answer and explanation

Answer: A (sales invoice, bill of lading and insurance certificate)

Explanation

A documentary bill is a bill of exchange sent with the shipping documents: the invoice, the bill of lading and the insurance certificate.