The documents that must be presented to a seller's bank in order for the seller to collect payment for an international cash sale are
A) a bill of lading, a commercial invoice, and a draft.
B) an invoice and a shipping document.
C) a bill of lading and a draft.
D) a commercial invoice, a bill of lading, and a sales tax invoice.

Question

Quizplus · Accepted Answer

A bill of lading, a commercial invoice, and a draft are typically required documents for a seller to collect payment in an international cash sale. The bill of lading serves as a receipt for shipped goods, the commercial invoice is a demand for payment, and the draft is a written order by the seller for the buyer to pay the amount due.

The Documents That Must Be Presented to a Seller's Bank