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InternationalTradeEx

International Trade: Importing & Exporting Finals Study

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