When serving as collateral, the bill of lading: A. can be used to adv

QUESTION

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.

ANSWER

A