The document issued to a port authority when goods are deposited is a?

Assessment: JAMB UTME - Commerce - 2015 Subject: Commerce

Question 1 Report

The document issued to a port authority when goods are deposited is a?
Answer Details
The document issued to a port authority when goods are deposited is called a dock warrant. A dock warrant is a legal document that provides proof that goods have been deposited in a specific location, usually a warehouse or a dock. It acts as a receipt for the goods and specifies the details of the deposit, including the name of the depositor, the quantity of goods, and the location where the goods are being held. The dock warrant is an important document because it allows the depositor to retain ownership of the goods while they are being held in storage. The document can be used to transfer ownership of the goods, to secure financing, or to claim the goods when they are ready for delivery. In summary, a dock warrant is a document that serves as proof of deposit of goods in a specific location, and it allows the depositor to retain ownership of the goods while they are in storage.

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