Which of the following best describes the role of a draft?

The role of a draft primarily involves ordering payment from the buyer to the seller in the context of international trade. When a seller presents a draft to the buyer's bank, it serves as a formal request for payment, effectively instructing the buyer (or the buyer's bank) to pay a specified amount either immediately or at a future date, depending on the terms outlined in the draft.

The draft plays a crucial role in facilitating financial transactions and ensuring that the seller receives payment in exchange for the goods supplied. This is particularly important in international trade, where payment terms may vary, and the risk of non-payment can be significant.

In contrast, while quality control during shipment is essential for maintaining product standards, it does not directly relate to the function of a draft. Similarly, drafts do not guarantee payment upon delivery; they facilitate the collection of payment, which is a different concept. Lastly, drafts are not treated as travel documents for goods but rather as financial instruments that signal a request for payment, reinforcing their central role in commercial transactions.