Explain the meaning of Mate’s receipt. | Learn NCERT solution | Education portal Class 11 | Study online Business studies



Q.10:- Explain the meaning of Mate’s receipt.

 

Answer:-



A mate receipt is a receipt issued by the commanding officer of the ship when the cargo is loaded on board, and contains the; information about the name of the vessel, berth, date of shipment, description of packages, marks and numbers, condition of the cargo at the time of receipt on board the ship, etc. The port superintendent, on receipt of port dues, hands over the mate’s receipt to the C&F agent.