Which of the following is a contract between the exporter and shipper that specifies merchandise destination and shipping costs?
A)Draft
B)Bill of lading
C)Letter of credit
D)Bill of exchange

Question

Quizplus · Accepted Answer

A bill of lading is a contract between the exporter and shipper that outlines the shipment details, including destination and shipping costs. It also serves as a receipt of the goods being shipped and a document of title to them. A draft is a written order from one party to another to pay a certain amount of money. A letter of credit is a financial agreement between two parties that guarantees payment to the seller. A bill of exchange is a financial document used in international trade transactions.

Which of the Following Is a Contract Between the Exporter