Question: Please explain the difference between a straight Bill of Lading and an order Bill of Lading . Why would a Buyer request an order Bill

Please explain the difference between astraight Bill of Ladingandan order Bill of Lading.

Why would a Buyer request an orderBill of Ladingto be made out in an international export transaction?

Explain the difference between the role and responsibility of aconfirmingbankand an advisingbank when using a Letter of Credit.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Law Questions!

Q:

Question: 1)Explain the issue: The issues for determination are which of the parties to this action is responsible for the infestation of rusty grain beetles in a shipment of peas loaded onto a ship...

Q:

I need to finish assignment Assignment 6 WPs 21-1, 21-2, 21-3, 21-5, 21-6, 21-17, 21-18, 21-19, 21-20, 21-21 Assignment 7 WPs 30-1, 30-2, 30-4, 30-5, 30-21, 30-22, 30-23, 30-24 Assignment 8 WPs 20-1,...

Q:

Question 2 (5 marks) You are required to complete the letter of credit application (shown on pages 4 and 5) based on the information given to you below. Buyer: Cisco Pty Ltd, 1 Grey Street,...

Q:

Question 13 1 pts There are many different types of bills of lading. The one that the book advises that most buyers insist the seller provide is: A straight bill of lading A clean, on-board bill of...

Q:

i need answer plz DAY CROSS STRAIGHT BILL OF LADING PLACE DATE LEVEL OF SERVICE C.O.D MONTH DAY YEAR GENERAL PRO EXPEDITED AMOUNT CURRENCY: CON JUS STICKER SPECIAL HANDLING (ADDITIONAL CHARGES...

Q:

Carl Mills imports fire engine from Peter Adams and takes delivery of the fire engine when it arrives at the Port of Tema. On inspection, Carl Mills discovers that the fire engine has been damaged...

Q:

Business law don't need by mistake i post.. A common carrier's negotiable receipt for goods a straight bill of lading accepted for shipment b. implied warranties A conditional sale that gives the...

Q:

Carl Mills imports fire engine from Peter Adams and takes delivery of the fire engine when it arrives at the Port of Tema. On inspection, Carl Mills discovers that the fire engine has been damaged...

Q:

Under clean payment terms, the seller will instruct the carrier to issue: (a) A bill of lading consigned to order (b) A bill of lading consigned to the seller (c) A bill of lading consigned to the...

Q:

TRUE/FALSE 1. The packing slip is also known as the shipping notice. 2. The bill of lading is a legal contract between the buyer and the seller. 3. Another name for the stock release form is the...

Q:

To what do you attribute Joe Whinneys success?

Q:

Refer to Exercise 4-7. For each situation, define a type I and a type II error in the appropriate context. Consider the costs of such errors and discuss the implications. (a) The Postal Service...

Q:

1287. A projectile is fired from the platform at B. The shooter fires his gun from point A at an angle of 30. Determine the muzzle speed of the bullet if it hits the projectile at C. B XXXX 30 1.8 m...

Q:

The volume of a microbial culture is observed to increase according to the formula V (cm 3 ) = et where t is time is seconds. (a) Calculate the expression for V (in. 3 ) in terms of t(h). (b) Both...

Q:

A horizontal cylindrical drum is 2.00m in diameter and 4.00 m long. The drum is slowly filled with benzene (density = 0.879g/cm3). Derive a formula for W, the weight in Newton's of the benzene in the...

Q:

In Figure, a small block is sent through point A with a speed of 7.0 m/s. Its path is without friction until it reaches the section of length L = 12 m, where the coefficient of kinetic friction is...

Q:

Find the energy stored in the hemispherical region r

Q:

A completely enclosed stirred-tank heating process is used to beat an incoming stream whose flow rate varies. The heating rate from this coil and the volume are both constant. (a) Develop a...

Q:

Write a program to wish happy birthday to a student. Firstly, take today month and day as an input and secondly take birthday as an input in the form of month and day. If the input day and month...

Q:

Wear as little as possible

Q:

Be relaxed at the hips

Q:

Do not take criticism personally, even if it is meant to be personal.