Question

Which of the following statements is true of a bill of lading?

A. It is forwarded by a confirming bank to an issuing bank.

B. It requires a buyer to pay a seller for goods prior to shipment.

C. A buyer has to obtain the bill from an issuing bank in order to be paid by a confirming bank.

D. It has to be provided by a buyer in order to request for a shipment of goods.

E. A seller cannot ship his goods unless he has the bill.

Answer

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