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Pob Homework Done by Brandonn Fahie: 1. Transportation Documents
Pob Homework Done by Brandonn Fahie: 1. Transportation Documents
1. Transportation Documents:
a) Transportation documents are legal documents that serve as evidence of the
transportation of goods from one location to another in business transactions.
- Air Waybill:
Contract of Carriage: It outlines the terms and conditions of the transportation
agreement between the shipper and the carrier.
Customs Clearance: It facilitates customs clearance by providing details about the
shipment.
- Consignment Note:
Instructions to Carrier: It provides instructions to the carrier regarding the delivery of
goods to the specified destination.
Proof of Delivery: It serves as evidence that the goods have been delivered to the
consignee.
2. Instruments of Payment:
a) Instruments of payment are various methods used to settle financial transactions in
business.
b) Obtaining Each Instrument:
Cash: Obtained through physical currency transactions at banks, ATMs, or through
cash withdrawals.
Cheque: Issued by an account holder to pay a specified sum to another party,
obtainable by opening a bank account and ordering chequebooks.
Bank Draft: Issued by a bank on behalf of a payer, obtained by visiting a bank and
requesting a bank draft for a specified amount.
Electronic Transfer: Initiated through online banking platforms, obtained by accessing
one's bank account and initiating a transfer to another account.
Letter of Credit: Obtained through negotiation between the buyer and seller, typically
arranged through banks or financial institutions.
Electronic Transfer:
Advantages: Quick and efficient, reduces paperwork, suitable for large transactions.
Disadvantages: Vulnerable to cyber threats, potential for errors in inputting account
information.