Q41
Which of the following is not an example of an international trade draft?
A.
Time draft
B.
Sight draft
C.
Both the first and second answers are correct
AnswerD.
Usance draft
Answer: Option C
Solution
Answer: Option C
Solution:
Time draft and Sight draft is not an example of an international trade draft. A sight draft is a type of bill of exchange, in which the exporter holds the title to the transported goods until the importer receives and pays for them. Sight drafts are used with both air shipments and ocean shipments for financing transactions of goods in international trade.