If a carrier is instructed to deliver goods to an importer, a _____ bill of lading is used.

A.straight

B.order

C.documentary

D.on-board

E.clean

(7) If an exporter is doubtful about an issuing bank's ability to pay, he will expect a domestic bank to join the transaction in a _____ letter of credit.

A.revolving

B.irrevocable

C.revocable

D.unconfirmed

E.confirmed

(8) Which of the following may be required as additional documents in a letter of credit?

A.commercial invoice

B.insurance document

C.consular invoice

D.certificate of origin

E.all of the above

(9) Which of the following is not true of a consular invoice?

A.provides customs officials with all information

B.facilitates easy customs clearance

C.helps customs officials assess duties

D.issued by the consulate of the exporting country

E.it is not a title to the goods

(10) Which of the following is not true of a letter of credit?

A.it is a document

B.issued by a bank

C.at the request of the exporter

D.the bank agrees to honor a draft drawn on the importer

E.payable in the designated currency