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Please answer the following questions: (22 marks) List the nature of ocean bill of lading. (3 marks) What is a stale bill of lading? (3

Please answer the following questions: (22 marks)

List the nature of ocean bill of lading. (3 marks)

What is a stale bill of lading? (3 marks)

3. According to CISG, what is an acceptance? (3 marks)

What is a late acceptance? (2 marks)

List the conditions that must be satisfied to constitute an offer according to CISG (3 marks).

List and briefly explain the differences and similarities between FOB, CFR and CIF. (5 marks)

List three most often used modes of payment in international sales. (3 marks

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