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JAMB Commerce 2011 Question 16

Question 16

Foreign Trade Documents

The document which can be exchanged for a bill of lading is

  1. A.freight note
  2. B.mate receipt
  3. C.export invoice
  4. D.ship report.
Show the answer and explanation

Answer: B (mate receipt)

Explanation

When goods are loaded, the ship's mate gives a receipt, which the exporter exchanges at the shipping office for the bill of lading.