A document of title to goods written by the ship owner specifying that certain goods...
COMMERCE
WAEC 2018
A document of title to goods written by the ship owner specifying that certain goods are being conveyed in the ship is the?
- A. bill of sale
- B. bill of sight
- C. bill of entry
- D. bill of lading
Correct Answer: D. bill of lading
Explanation
A bill of lading is a document issued by a carrier to acknowledge receipt of cargo for shipment. A bill of lading is a contract. It covers the specific terms of the transportation agreement between a shipper and a carrier. A bill of lading is also a receipt, because it proves that the carrier accepted the goods and agreed to take them to their agreed-upon destination.
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