WAEC Commerce 1999 Question 17

Question 17

Foreign Trade Documents

Which of the following is a contract of carriage and a document of title?

  1. A.Indent
  2. B.Bill of lading
  3. C.Pro forma invoice
  4. D.Bill of exchange
Show the answer and explanation

Answer: B (Bill of lading)

Explanation

A bill of lading is both a contract of carriage and a document of title to the goods.