Question

---- is an important document relating to foreign trade, where it is issued and signed by the master of the ship, acknowledging that they undertake to deliver the goods, as per the directions of the Exporter.

• A. Letter of credit
• B. Promissory note
• C. Certificate of origin
• D. Bill of lading

Answer 1

Answer:

D. Bill of lading

Bill of lading:

• Bill of lading is an important document relating to foreign trade.

• It is issued and signed by master of the ship acknowledging that they undertakes to deliver the goods as per the directions of the Exporter. 

• It is the proof of shipment of goods issued by dock authorities to Exporter.

• Bill of Lading is drawn in sets of 3 on the condition that "one being accomplished, the others Stand void". It is a quasi negotiable instrument.