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Question
International transportation cannot be effective or efficient without fairly identical handling equipment being in place at each end of the trip.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
d. water ports that are located in the same geographic area
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Incoterms are generally revised approximately every ____ years.
a. 25
b. 20
c. 10
d. 5
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a. certificate of origin
b. commercial invoice
c. shipper's letter of instruction
d. shipper's export declaration
e. none of the above
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a. RFID tab
b. shipper's mark
c. shipment coordinator
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a. it becomes more costly to import products to the country, but its exports surge
b. both imports and exports surge
c. it becomes more costly to export products from the country, but its imports 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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