CBSE · Class 11 · Business Studies · International BusinessWhich document is issued by the shipping company to acknowledge the receipt of goods on board the ship?
Step-by-Step Solution
A Bill of Lading is issued by the shipping company (or its agent) after the goods have been loaded on board the vessel. It serves as an official receipt of the goods and acts as a document of title, which is transferable by endorsement and delivery.
Detailed Options Breakdown
Option : Letter of Credit
Incorrect choice. This distractor represents a common misunderstanding of the core principles of International Business.
Option 1: Bill of Lading (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 2: Certificate of Origin
Incorrect choice. This distractor represents a common misunderstanding of the core principles of International Business.
Option 3: Consular Invoice
Incorrect choice. This distractor represents a common misunderstanding of the core principles of International Business.
💡 Study Guide: This question tests core syllabus concepts from International Business. For formulas, key summaries, and mock exam reference guides, read the full International Business Revision Notes.