Multiple Choice
When a bill of lading is used to obtain payment or a written promise of payment before the merchandise is released to the importer, it serves as a
A) document of title.
B) contract.
C) receipt.
D) time draft.
E) collateral.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q31: Miami WindSails wants to export but, as
Q32: Explain the difference between a sight draft
Q33: Without a letter of credit, an exporter
Q34: An exporter might have to forgo a
Q35: The function of sogo shosha in Japan
Q37: Countertrade is a form of<br>A) licensing.<br>B) dumping.<br>C)
Q38: Most small firms actively seek opportunities for
Q39: A company would hire a freight forwarder
Q40: When a time draft is drawn on
Q41: When a bill of lading specifies that