Incoterm Study guides, Class notes & Summaries

A 1. A hedge is a contract that provides protection against the risk of loss from a change in _________ A. Foreign exchange rates B. Inflation C. Interest rate D. None of the above A 2. There are 03 common methods of hedging: forward market hedge, money market hedge and option market A. True B. False A 3. A "put" option gives the buyer the _________, but not the _______________ to sell a specified number of foreign currency units to the option seller at a fixed dollar pr...

Quiz Chapter 6 Terms of Trade or Incoterms RulesWhich Incoterms® Rule shares a delivery point with the FOB Incoterms® Rule? Cost and Freight. Carriage and Insurance Paid To. Free Alongside Ship. No Incoterms® Rule shares a delivery point with the FOB Incoterms® Rule. Carriage Paid To. - correct answer Cost and Freight. The FOB, CFR, and CIF Incoterms® Rule share the same delivery point; when the goods are loaded onto the ship. The Cost, Insurance, and Freight Incoterms® Rule is ...

QUESTION 1 Instructions: Read the set of facts and answer the questions that follow. Mr and Mrs Moloi got married in Mauritius while on holiday there in December 1982. The ceremony was conducted by a friend of Mr Moloi, a marriage officer registered in South Africa and who conducted the ceremony in compliance with the South African Marriage Act. At the time of entering into the marriage, Mr and Mrs Moloi were both domiciled in England, but citizens of Malawi. Shortly after their marriage, ...

A 1. A hedge is a contract that provides protection against the risk of loss from a change in _________ A. Foreign exchange rates B. Inflation C. Interest rate D. None of the above A 2. There are 03 common methods of hedging: forward market hedge, money market hedge and option market A. True B. False A 3. A "put" option gives the buyer the _________, but not the _______________ to sell a specified number of foreign currency units to the option seller at a fixed dollar pr...

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...

SCMN 3720 Strickland Final Exam Questions and Answers Already Passed Which country is the largest trading partner of the US based on combined exports and imports? Canada -US trading partners: Exports -US trading partners: Imports -Canada, Mexica, China -China, Canada, Mexico What is the term for the manufacturing facility in Mexico where products can be assembled and returned to the US without duty being paid? Maquiladora Plant Transaction Channel: -Transfer of ownership Li...

For which of the following does the seller bear the freight charges? -FOB Origin, Freight Prepaid -FOB Destination, Freight Collect -FOB destination, Freight Prepaid and Charged Back -FOB Origin, Freight Collect - Answer- The seller bears the freight charges in FOB Origin, Freight Prepaid What makes the RoadRailer Unique? - Answer- It is a bimodal trailer with two sets of wheels What is the NVOCC? - Answer- A cargo consolidator (Non-Vessel Operating Common Carriers); Provide service ...

For which of the following does the seller bear the freight charges? -FOB Origin, Freight Prepaid -FOB Destination, Freight Collect -FOB destination, Freight Prepaid and Charged Back -FOB Origin, Freight Collect - ️️The seller bears the freight charges in FOB Origin, Freight Prepaid What makes the RoadRailer Unique? - ️️It is a bimodal trailer with two sets of wheels What is the NVOCC? - ️️A cargo consolidator (Non-Vessel Operating Common Carriers); Provide service on a c...

SCMN 2150 Exam 3 Latest Version Graded A+ This software facilitates improved performance of day-to-day operating tasks from the time a purchase order for materials is placed until the delivery of a customer order is made. supply chain execution A properly developed supply chain wide technology strategy supports multiple levels of decision making and creates a clear view of the flow of products, information, and services across the supply chain True Data that is ____ must come be una...

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...