Incoterms Study guides, Class notes & Summaries

CPCM Study Guide Exam Questions & Answers 2024/2025 Trademark - ANSWERSword, name, symbol, or device that is used with goods to indicate the source of the goods and to distinguish from the goods of others. constructive acceleration - ANSWERSrequirement that a contractor complete its work by a date earlier than one that would reflect the time extensions to which it's entitled because of an excusable delay. price analysis - ANSWERSprocess of examining & evaluating a price without the e...

Summary International Business Awareness (Law) - Y3Q1 AVANS UNIVERSITY OF APPLIED SCIENCES Y3Q1 SIMONE SNEPVANGERS Summary International Business Law Table of Contents Chapter 1 Introduction to International Private Law and European Law 2 Institutions of the EU 2 Chapter 5 Convention of the International Sale of Goods 4 Chapter 7 Competition Law 4 Chapter 8 Carriage, Incoterms, Payment ...

Identify, in addition to transportation over the ocean, four other incidental methods of transportation covered under a marine cargo insurance policy - Answer 1. Air 2. Land 3. Rail 4. Vessels operating on inland waterways or lakes Identify the four parties who may have an insurable interest in cargo being shipped - Answer 1. Sellers 2. Buyers 3. Carriers 4. Financial institutions Identify two documents to be reviewed to determine insurable interest of the parties above - A...

C 5. Which of the following parties receive documents for collection from the exporter? A. Drawee B. Principal C. Remitting bank D. Presenting bank B 8. Which brings the most risk for exporter? A. Cash in advance B. D/A C. D/P F Remitting bank, collecting bank under Documentary Collection have an undertaking/commitment to pay to the exporter. A An issuing bank is irrevocably bound by the terms of the amendment as of the time: A. the issuing bank issues the amen...

Basic Terms of Payment are: a. Cash in Advance, Documentary Credit, Documentary Collections b. Cash in Advance, Documentary Collections, Open Account c. Cash in Advance, Documentary Credit, Open Account d. Cash in Advance, Documentary Credit, Documentary Collections, Open Account d ____describes the procedure in documentary credit for the goods, the transfer from seller to the buyer through the banks and the transfers of the payment from the buyer to the seller through the banks (set...

The most important Incoterms' difference between 2000 and 2010 version is: a "Pass the ship's rails" extend to "on board the vessel" b DEQ replaced by DAT c Packing costs transferred to seller under FOB d DAF, DES, DDU replaced by DAP D uBased on the recent Incoterms 2010, how many Incoterms are there? a 7 b 9 c 11 d 10 C Which of the following does not belong in Incoterms 2010? a FAS (Free Alongside Ship) b FOB (Free On Board) c CFR (Cost and Freight) d D...

Trademark word, name, symbol, or device that is used with goods to indicate the source of the goods and to distinguish from the goods of others. constructive acceleration requirement that a contractor complete its work by a date earlier than one that would reflect the time extensions to which it's entitled because of an excusable delay. price analysis process of examining & evaluating a price without the evaluation of the separate cost elements and proposed profit of the offero...

Logistics Management - ANSWER-The discipline responsible for the movement, routing, distribution, transportation, and coordination activities that apply to goods delivery and/or service performance. Mode - ANSWER-The type of average that indicates the most frequent instance of a number or happening. The number in a distribution that occurs most frequently. Carload - ANSWER-The minimum weight, as defined by law, of a shipment entitled to a reduced freight rate. The shipment amount that fill...

SCMN 2150 FINAL EXAM QUESTIONS AND ANSWERS GRADED A+ Which global channel focuses on the documentation needed for government compliance, visibility, and control of goods moving globally. A.) Communication channel B.) Transaction channel C.) Distribution channel D.) Omni-channel A.) Communication channel According to a study by Stanford University, cross border trade processes can involve up to 106 steps. What problem does this cause? A.) Greater in-transit visibility B.) Lowe...