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 Form 4 Business Studies questions and answers on international trade

Highlight five ways in which the bill of lading is useful to an importer of goods.

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Answer Text:
He uses it as a document for future reference.
-He uses it to counter check the goods on arrival
-He can use it to get money for clearing once the goods have come.
-He can use it as a proof of business transaction
-He can use the bill to claim compensation in case all the goods indicated do not reach him.


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