When Serving as Collateral,the Bill of Lading

Multiple Choice

When serving as collateral,the bill of lading

A) can be used to advance funds to the exporter by its local bank before or during shipment.
B) specifies that the carrier is obligated to provide a transportation service in return for a certain charge.
C) can be used to obtain payment or a written promise of payment before the merchandise is released to the importer.
D) states that the bank will pay a specified sum of money to a beneficiary,normally the exporter,on presentation of particular,specified documents.
E) is an order written by an exporter instructing an importer,or an importer's agent,to pay a specified amount of money at a specified time.