Question

Dock warrant is a ---.

• A. storage receipt
• B. negotiable instrument
• C. certificate of origin
• D. customs declaration

Answer 1

Answer:

B. negotiable instrument

Dock Warrant:

• Dock warrant is an instrument issued by the warehouse Keeper to the importers who deposits goods with them. 

• A Dock warrant certifies that the holder is entitled to be the owner of the goods imported and warehoused in the docks or wharf.

• Dock warrant can be transferred by endorsement and delivery and it is a negotiable instrument.