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The document which can be exchange for a bill of lading is?


CommerceJAMB UTME 2011

Question

The document which can be exchange for a bill of lading is?

Options

A)
freight note
B)
mate receipt
C)
export invoice
D)
ship report

The correct answer is A.

Explanation:

This question is asking about a document that can be exchanged for a bill of lading. A bill of lading is a legal document issued by a carrier to a shipper that details the type, quantity, and destination of the goods being transported. It serves as a receipt of the goods, evidence of the contract of carriage, and a document of title to the goods.

The correct answer is Option A: freight note. A freight note is a document used in the shipping industry to acknowledge the receipt of goods and provide details about the shipment. It contains information such as the names and addresses of the shipper and consignee, the description and quantity of the goods, the weight and dimensions of the shipment, and any special handling instructions.

When goods are being shipped, the shipper may receive a freight note from the carrier as proof that the goods have been received and are in the process of being transported. This freight note can then be exchanged for a bill of lading, which provides further legal protection and serves as a document of title to the goods.

It is important for businesses involved in international trade to understand the various documents and processes involved in shipping goods. The bill of lading, freight note, and other related documents help ensure that goods are properly accounted for, transported, and delivered to the intended recipient.

To learn more about this topic, please read the relevant sections of your Commerce textbooks.

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