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WAEC Commerce 1991 (August) Question 15

Question 15

Foreign Trade Documents

The ship owner's receipt for the goods accepted for carriage in a ship is called

  1. A.ship manifest
  2. B.charter party
  3. C.mate's receipt
  4. D.bill of exchange
  5. E.bill of lading
Show the answer and explanation

Answer: E (bill of lading)

Explanation

The bill of lading is issued by the shipowner as a receipt for the goods, evidence of the contract of carriage and document of title.