WAEC Commerce 2012 Objective — Question 35

Question 35 of 50 from the West African Examinations Council (WAEC) Commerce 2012 Objective paper, with the correct answer and a full explanation.

The document which helps in ascertaining the correct value of imports in order to assess the custom duty is a

A. bill of lading
B. consular invoiceCorrect
C. bill of sight
D. ship's manifest

Explanation

A consular invoice is a document certifying a shipment of goods and shows information such as the consignor, consignee, and value of the shipment. From the value stated, the duty can be determined.

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