A Commercial or Customs Invoice Refers to The

question 16

Multiple Choice

A commercial or customs invoice refers to the:

• A)contract between the exporter and the carrier, authorizing the carrier to transport the goods to the buyer's destination.
• B)document containing the description of the items being shipped.
• C)invoice that declares the country from which the product originates.
• D)bill for the goods shipped from the exporter to the importer or buyer.
• E)certificate showing the amount of coverage on the goods.

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Definitions:

Check

A draft drawn by a drawer ordering the drawee bank or financial institution to pay a certain amount of money to the holder on demand.

Negotiable

Capable of being transferred or exchanged through endorsement or delivery, usually in the context of financial instruments.

Occurrence

An event or incident that takes place, often used in legal and insurance contexts to specify an event covered by a policy or agreement.

Nonoccurrence

The failure or absence of an event or condition that was anticipated or required.