Incoterms Study guides, Class notes & Summaries

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 Linked to resp...

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...

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...

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 2 | P a g e : Linked to responsibility for managing goods in transit. R...

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...

SCMN 3720 - Strickland Final (Ch.9, 11, 12, 13) Rated A+ Non-Asset Based 3PLs have greater control and less flexibility than Asset Based 3PLs. T/F False According to the textbook, 3PL spending is highest in North America vs. other global regions. T/F False, Asia Pacific Merge in transit is a type of service that involves local transportation of containerized cargo. T/F False An asset based 3PL has tangible equipment and facilities. T/F True According to the Penn State-Capge...

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...

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...