Mate Receipt is a document issued by the ship’s officer acknowledging that goods have been received on board the vessel.
How It Works:
- Goods are delivered to the ship.
- The ship’s officer inspects the cargo.
- A receipt is issued confirming loading.
- It is later exchanged for a Bill of Lading.
Benefits:
- Confirms receipt of goods on board
- Acts as proof of loading
- Supports issuance of transport documents
- Helps in shipment verification
Example:
An exporter receives a Mate Receipt after goods are loaded onto a vessel at the port.