The ship owner's receipt for the goods accepted for carriage in a ship is called?

Assessment: WAEC SSCE - Commerce - 1991 (Objective) Subject: Commerce

Question 1 Report

The ship owner's receipt for the goods accepted for carriage in a ship is called?
Answer Details
The ship owner's receipt for the goods accepted for carriage in a ship is called a "bill of lading". It is a legal document that serves as evidence of a contract of carriage between the shipper and the carrier, acknowledging the receipt of goods and specifying the terms and conditions of the transportation. It includes details such as the name of the shipper and the consignee, the description of the goods, the port of loading and discharge, the freight charges, and the date and place of issue. The bill of lading is an important document in international trade as it enables the transfer of ownership of the goods and serves as a basis for payment.

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