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International Trade: Importing & Exporting Finals Study

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Question
Answer
CIF, FOB and DDP are examples of what?   INCOTERMS  
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How many groups of INCOTERMS are there?   Four  
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The latest set of INCOTERMS was published in what year?   2010  
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INCOTERMS are what?   INCOTERMS are rules for importers and exporters.  
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Name some parts of an international sales contract.   Offer, acceptance & consideration.  
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The most important document for shipping goods is a what?   A bill of landing.  
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What is the oldest mode of transportation?   Marine  
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What are the mainstray of moving goods in North America?   Trucks  
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What carries most of the goods today?   Multimodal  
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Who is the shipper that is responsible for arranging and paying for the transportation of the goods?   Depends on INCOTERMS  
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What is the liability of trucking companies in Canada?   $2.00 CAD per pound  
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