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WAEC Commerce 1992 Question 47

Question 47

Foreign Trade Documents

A bill of lading is best described as the

  1. A.document of title to the goods on board a ship
  2. B.certificate of value for the goods on board
  3. C.evidence of payment of custom duties
  4. D.certificate of goods
  5. E.certificate of quality of goods imported.
Show the answer and explanation

Answer: A (document of title to the goods on board a ship)

Explanation

The bill of lading is a receipt and document of title for goods shipped; whoever holds it can claim the goods.