A document of title to goods written by the ship owner specifying that certain goods are being conveyed in the ship is the?

Assessment: WAEC SSCE - Commerce - 2018 (Objective) Subject: Commerce

Question 1 Report

A document of title to goods written by the ship owner specifying that certain goods are being conveyed in the ship is the?

Answer Details
The document of title to goods written by the ship owner that specifies certain goods being transported on a ship is called a bill of lading. It is a legal document that serves as proof of ownership and receipt of goods being shipped, as well as evidence of the contract between the shipper and the carrier. In simple terms, a bill of lading is like a receipt for goods being shipped on a vessel. It contains important details such as the names of the shipper and consignee, the description of the goods, the quantity, and the destination. The bill of lading is an essential document in international trade, as it provides evidence of the transfer of goods from the seller to the buyer and is required for the release of the goods at the destination port.

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