Multiple choice

Which of the following documents is not a document of title to goods?

  1. Railway receipt

  2. Bill of lading

  3. Dock warrant

  4. Letter of credit

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Option (4) is correct: A letter of credit is issued by importer’s bank to guarantee the payment. It is not a document of title. All the others are documents of title to goods.