The Three Basic Documents Needed in a Foreign Trade Transaction

question 47

Multiple Choice

The three basic documents needed in a foreign trade transaction are

• A)letter of credit,time draft,and proof of inspection.
• B)letter of credit,time draft,and a bill of lading.
• C)letter of credit,bill of lading,and insurance.
• D)time draft,bill of lading,and a pro forma statement.

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Definitions:

Ackerman Arm

Steering component that connects a tie rod end to the steering knuckle.

Left-hand Threads

A type of thread on bolts or screws that tightens counterclockwise, opposite to the more common right-hand threads.

Toe Specification

The specified angle alignment of wheels concerning the longitudinal axis of a vehicle, impacting directional stability and tire wear.

Commercial Truck Steering Systems

The assembly in commercial vehicles responsible for directing the path of the vehicle, typically requiring specialized mechanisms due to the vehicle's size and weight.