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JAMB Commerce 2007 Question 32

Question 32

Foreign Trade Documents

A written agreement for hiring a ship for transporting goods is a

  1. A.consular invoice
  2. B.bill of lading
  3. C.charter party
  4. D.certificate of origin.
Show the answer and explanation

Answer: C (charter party)

Explanation

A charter party is the contract for hiring a whole ship (or part of it) to carry goods.