Kizspy | Question: 23 (Choose 1 answer)
In documentary collection, the seller (principal) prepares and presents a document package to his bank (the
remitting bank) consisting of:
A. a collection order specifying the terms and conditions under which the bank is to hand over documents to the buyer and receive payment
B. the negotiable transport document (bill of lading)
C. other documents (e.g., insurance document, certificate of origin, inspection certificate, etc.) as required by the buyer
D. All of these may be included in seller's document package.
