CBSE · Class 11 · Business Studies · International BusinessWho issues the 'Mate's Receipt' during the shipment of export goods?
Step-by-Step Solution
A Mate's Receipt is issued by the commanding officer (Captain/Mate) of the ship when the cargo is safely loaded on board the vessel. It serves as an acknowledgment of the receipt of goods on the ship.
Detailed Options Breakdown
Option : Customs Officer
Incorrect choice. This distractor represents a common misunderstanding of the core principles of International Business.
Option 1: Captain of the ship (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 2: Importers' Bank
Incorrect choice. This distractor represents a common misunderstanding of the core principles of International Business.
Option 3: Exporter's Agent
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.