UndertheFOBterm,theriskoflossordamagetothegoodsistransferredfromthesellertothebuyerwhengoodspasstheship’srailinthe____.

A、portofshipment
B、placeofshipment
C、portofdestination
D、placeofdestination
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A

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Whichofthefollowingstatementsaretrueaboutdocumentarycredit_____?

A、documentarycreditmeanspaymentagainstdocumentinsteadofagainstgoods
B、allthedocumentarycreditsareoperatedthroughbanks
C、thebuyersisnotrequiredtopayforthegoodsuntilthearrivaloftherelevantshippingdocuments
D、thedocumentstransfertitletothegoods

Loadingandunloadingcosts,bunkers,storesandcrewcostsareallfixedcosts.

Procurementisconcernedwithpurchasingandarrangingoutboundmovementofmaterials,parts,and/orfinishedinventoryfromsupplierstocustomers.

TheAirWaybillservesas().

A、adocumentoftitletothes
B、acontractfortransporion
C、areceiptanddeliveryofshipment
D、aconventionforairtransport

Usually,anAirWaybillisnon-negotiable,thatis,thegoodsmustbesenttotheconsigneetitledintheAirWaybill.

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