Question

A documentary draft is typically accompanied by a

            a.        bill of lading in negotiable form

            b.        commercial invoice

            c.        insurance certificate

            d.        all of the above

Answer 1

Answer is option a. Bill of lading in negotiable form.

A documment drafrt is defined as "Documentary draft means a draft to be presented for acceptance or payment if specified documents, certificated securities or instructions for uncertificated securities, or other certificates, statements, or the like are to be received by the drawee or other payor before acceptance or payment of the draft."

and bill of lading means a document issued by a carrier to acknowledge receipt of cargo for shipment.

hence, A documentary draft is typically accoompanied by a bill of lading in negotiable form