Entry For Free Goods – Dock Warrant

Welcome to today’s class!!

We are thrilled to have you in our class!!

In today’s Store Management’s class, we will be learning about Entry For Free Goods

Entry For Free Goods – Dock Warrant

Remember how we talked about documents used in foreign trade in our last class. We said for an international trade to succeed and go smoothly, there is a need for some documents to be made available and provided

entry for free goods

While that is considered important so that we can enjoy the presence of foreign goods from China, USA, Japan, Bangladesh, without having to visit these countries, it is important to safely bring these goods into the country. 

dock entry

And for this to happen, it is carried out through Dock Warrant

A Dock Warrant is an instrument issued by a ware housekeeper, licensed by the state to traders who deposit goods with them. A dock warrant certifies that the holder is entitled to goods imported and warehoused in the docks. It transfers the absolute right to the goods described in it.

Warrant given by dock-owners to the owner of merchandise imported and warehoused on the dock, upon the faith of the bills of lading, as a recognition of his title to the goods. It is a negotiable instrument. 

Or we can simply explain it  to be an instrument issued by a ware housekeeper, licensed by the state to traders who deposit goods with them. 

It is transferred by indorsement and delivery.

In summary, a dock warrant certifies that the holder is entitled to goods imported and warehoused in the docks. It transfers the absolute right to the goods described in it. 

 

Evaluation

Explain the meaning of Dock Warrant

 

Reading Assignment

What is the difference between Dock Warrant and Documents Used in Foreign Trade?

 

Weekend Assignment

List two purposes of a Dock Warrant

 

We hope you enjoyed today’s class. In our next class, we will be talking about NAFDAC Registration Number for Food and Drugs. 

Let us know your thoughts and questions in the comment section, and we will attend to them as fast as we can.

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