International Trade — OCM STD 11 Commerce — Question
Gujarat BoardEnglish MediumSTD 11 CommerceOCMInternational Trade3 Marks
Question
Why does exporter becomes tension-free after receiving 'mate-receipt' for export?
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Answer
Port authority issues carting order to load goods on ship. Before loading of goods the authority checks each detail of shipping bill and verifies whether all expenses are paid such as payment of custom, insurance premium etc.
All documents are thoroughly checked before issuing carting order. On the basis of this order, the goods reach the ship where the captain of the ship or the 'mate' once again checks all details and transportability of goods.
Then he issues the receipt which is known as 'mate receipt'. This receipt is a proof that indicates that the goods are in possession of the captain and it will reach the importer's destination.
When the exporter receives mate-receipt lie feels assured that importer will definite receive the goods at fixed destination sent by the exporter.
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