Question

The proof of shipment of goods issued by dock authorities to Exporter

• A. Dock receipt
• B. Commercial invoice
• C. Packing list
• 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.