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Question
How do open skies agreements differ from bilateral agreements?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
d. applies the Balanced Scorecard approach to international logistics activities
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Shipping conferences refer to ____.
a. annual meetings of large international shippers
b. international shippers' associations
c. cartels of ocean vessel operators operating between certain trade areas
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Incoterms are generally revised approximately every ____ years.
a. 25
b. 20
c. 10
d. 5
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A ____ is similar in nature to a domestic bill of lading and summarizes the entire transaction.
a. certificate of origin
b. commercial invoice
c. shipper's letter of instruction
d. shipper's export declaration
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a. RFID tab
b. shipper's mark
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b. both imports and exports surge
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a. net world product
b. world net income
c. gross world product
d. gross world income
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