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Question
Because greater uncertainties, misunderstandings, and delays often arise in international movements, safety stocks must be larger.Answer
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DAT (Delivered at Terminal). In this type of transaction, the seller clears the goods for export and bears all risks and costs associated with delivering the goods and unloading them at the terminal at the named port or place of destination. The buyer is responsible for all costs and risks from this point forward including clearing the goods for import at the named country of destination.
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b. measures a company's logistics cost as a percentage of its total cost
c. compares inventory turnover for major retailers
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Shipping conferences refer to ____.
a. annual meetings of large international shippers
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Incoterms are generally revised approximately every ____ years.
a. 25
b. 20
c. 10
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A ____ is similar in nature to a domestic bill of lading and summarizes the entire transaction.
a. certificate of origin
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a. RFID tab
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b. both imports and exports surge
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a. net world product
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