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Which one of the following statements is FALSE about billing of lading? An ordered bill of lading is used when the importer buys on credit

Which one of the following statements is FALSE about billing of lading?

An ordered bill of lading is used when the importer buys on credit

The exporter receives a bill of lading from the shipping company upon shipping the order

A bill of lading guarantees that the importer will not default on payment

A straight bill of lading is used when the importer makes a cash payment

A bill of lading serves as a contract that the exporter has shipped goods to specifications

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