Which of the following is issued to the exporter or his agent when the goods has been loaded in the ship?
Answer Details
The document that is issued to the exporter or his agent when the goods have been loaded on the ship is called a "Mate's receipt". It is a document signed by the ship's officer (the "mate") acknowledging that the goods have been received on board the ship. The mate's receipt is a provisional document and is often used as proof of shipment to obtain payment from the importer's bank or to obtain insurance coverage for the shipment. The mate's receipt is usually surrendered to the shipping company in exchange for the Bill of Lading, which is a document of title to the goods.