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WAEC Commerce 1997 Question 54

Question 54

Foreign Trade Documents

Which of the following is issued to the exporter or his agent when the goods have been loaded in the ship?

  1. A.Bill of exchange
  2. B.Mate's receipt
  3. C.Ship's manifest
  4. D.Bill of sight
  5. E.Customs declaration form
Show the answer and explanation

Answer: B (Mate's receipt)

Explanation

The mate's receipt is given when goods are loaded and is later exchanged for the bill of lading.