As a Collateral,the Bill of Lading

question 59

Multiple Choice

As a 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.