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Question
The carrier selection procedure appears to be less straightforward than the procedure for modal selection.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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Shipping conferences refer to annual meetings of large international shippers.
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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
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
e. none of the above
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a. RFID tab
b. shipper's mark
c. shipment coordinator
d. bar code
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When one country's currency is weak relative to other currencies, ____.
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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____ refers to the sum of the gross domestic product of all countries.
a. net world product
b. world net income
c. gross world product
d. gross world income
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