NECO Commerce 2025 Objective — Question 27
Question 27 of 50 from the National Examinations Council (NECO) Commerce 2025 Objective paper, with the correct answer and a full explanation.
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Which of the following documents would be used to collect imported goods?
- A. Tariff note
- B. Letter of hypothecation
- C. Bill of ladingCorrect
- D. Bill of exchange
Explanation
A bill of lading is a legal document issued by a carrier as evidence of the contract between shipper and carrier, and is used to collect goods at the destination port.
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