Multiple Choice
In letter of credit transactions, a ________ is necessary for the shipper to obtain payment from the bank:
A) Clean Bill of lading
B) Clean, On-Board, Order Bill of Lading
C) Clean, Received-for-shipment, Straight Bill of Lading
D) Clean, On-Board, Straight Bill of Lading
E) Clean, Received-for-shipment, Order Bill of Lading
Correct Answer:

Verified
Correct Answer:
Verified
Q5: A time draft signed and stamped by
Q6: Destination contracts are more common in international
Q7: Generally, insurance certificates are non-negotiable.
Q8: The method of export pricing which considers
Q9: A marine insurance certificate is not limited
Q11: Under FOB and FAS, the buyer bears
Q12: How does the documentary transaction serve to
Q13: A certificate of origin is an invoice
Q14: In a documentary transaction, the seller is
Q15: The statute of limitations under COGSA for