JAMB Commerce 2010 Question 14

Question 14

Foreign Trade Documents

The document that gives an importer a freehand to obtain goods from any manufacturer is

  1. A.a consular invoice
  2. B.a closed indent
  3. C.an open indent
  4. D.a freight note.
Show the answer and explanation

Answer: C (an open indent)

Explanation

An open indent leaves the agent free to buy from any supplier; a closed indent names the manufacturer.