An International Ocean Shipment Requires an Inland Bill of Lading

question 98

True/False

An international ocean shipment requires an inland bill of lading to get the shipment to the exporter's border, and an ocean bill of lading for water transport to the importer nation.

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Definitions:

Yield

The income return on an investment, typically expressed as an annual percentage rate based on the investment’s cost, its current market value, or its face value.

Promissory Note

A financial instrument that contains a written promise by one party to pay another a definite sum of money either on demand or at a specified future date.

Commercial Paper

A short-term unsecured debt instrument issued by corporations, typically for financing accounts receivable and inventories.

Simple Interest

Interest earned or paid on the original principal amount alone, without compounding.