JAMB Commerce 2007 Objective — Question 48

Question 48 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2007 Objective paper, with the correct answer and a full explanation.

A written agreement for hiring a ship for transporting goods is a

A. Charter partyCorrect
B. consular invoice
C. certificate of origin
D. bill of lading

Explanation

A charter party is the contract document by which a shipowner agrees to lease (and the charterer agrees to hire) a vessel or cargo space on stated terms.

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