Examlex
Which of the following techniques is used by MNCs to hedge transaction exposure?
Contract of Affreightment
An agreement between a ship-owner and a charterer to transport goods in a specified quantity over a set period of time without designating a specific vessel.
Bill of Lading
A legal document between a shipper and carrier; it details the type, quantity, and destination of the goods being carried.
Negotiable Instrument
An instrument in writing that, when transferred in good faith and for value without notice of defects, passes a good title to the instrument to the transferee.
Contract of Carriage
An agreement between a carrier and a shipper for the transport of goods or passengers.
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