Which instrument enables the seller's bank to act as an agent for collection of the due amount from the buyer?

A) Confirmed letter of credit
B) Advised letter of credit
C) Negotiable bill of lading
D) Draft

Negotiable Bill of Lading

A document issued by a carrier that guarantees the delivery of goods to a specified party and can be transferred by endorsement to others.

Seller's Bank

A financial institution that represents the seller in a transaction, particularly in international trade, by handling the receipt and processing of payment.

Agent for Collection

An individual or entity appointed to gather or receive payments on behalf of another.