When Serving as Collateral,the Bill of Lading

question 19

Multiple Choice

When serving as 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.
• E)is an order written by an exporter instructing an importer,or an importer's agent,to pay a specified amount of money at a specified time.

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Definitions:

Macroevolution

Evolutionary patterns and trends on a larger scale than microevolution; e.g., adaptive radiation, coevolution.

Fertilization

The process of a sperm cell joining with an egg cell to produce a zygote, initiating the development of a new organism.

Trait Variations

Genetic differences among individuals, resulting in the diversity of phenotypes within a population.

Sympatric Speciation

The process of speciation that occurs when populations of a species that share the same habitat diverge into separate species without physical separation.