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Question
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.
Answer
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