When serving as a _____,a bill of lading is used to obtain payment or a written promise of payment before the merchandise is released to the importer.
A) document of title
B) contract
C) receipt
D) time draft
E) collateral

Question

Quizplus · Accepted Answer

A bill of lading is a document of title that serves as proof of ownership of the goods being shipped. When used in international trade, it is often required to obtain payment or a written promise of payment from the importer before the goods are released.

When Serving as a _____,A Bill of Lading Is Used