The draft is the instrument normally used in international commerce to:

Question

Quizplus · Accepted Answer

The draft is a document used in international commerce to transfer title of goods from the exporter to the importer. It is an unconditional order to pay, and serves as a legally binding agreement between the parties involved in the transaction. The transfer of title is important in ensuring that the importer has legal ownership and control of the goods once they have been shipped.

The Draft Is the Instrument Normally Used in International Commerce