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Question
Products that move by airfreight tend to be high in value and tend to require urgent delivery.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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How should he choose? Why?
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a. was created in recognition of the importance of logistics in international trade
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
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
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a. RFID tab
b. shipper's mark
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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
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c. gross world product
d. gross world income
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