As a Collateral,the Bill of Lading

Multiple Choice

As a 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.