Which of the following is issued to an exporter by a common carrier transporting the merchandise and serves as a receipt,a contract,and a document of title?
A)bill of lading
B)collateral
C)draft
D)letter of credit
E)bill of exchange

Question

Quizplus · Accepted Answer

A bill of lading is a document issued by a common carrier that serves as a receipt for the goods being transported, a contract outlining the terms of the shipment, and a document of title that represents ownership of the merchandise. It is commonly used in international trade transactions to ensure that goods are properly shipped and received. Collateral, draft, letter of credit, and bill of exchange are all financial terms related to payment and financing in international trade, but they do not serve the same function as a bill of lading.

Which of the Following Is Issued to an Exporter by a Common