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One of the WTO basic functions is to act as a forum for ongoing multilateral trade negotiations. （ ） |
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The forwarders should always book space with the selected carrier on behalf of the consignor when the consignor had made a sales contract with the buyer under the FOB term. （ ） |
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According to UCP600, the commercial invoice must be made out in the same currency as the L/C．（ ） |
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According to INCOTERMS 2000, FCA means that the seller delivers the goods to the carrier nominated by the seller at the named place. （ ） |
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Sight credits mean that the issuing bank effects payment or negotiation immediately upon receipt of the drafts and/or other documents that are in conformity with the credit stipulations （ ） |
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During the period of time charter, the charterer is liable for cost directly connected with the use of the ship, such as bunker costs, crew wages and provisions. （ ） |
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When the L/C simply stipulates an expiry date without a shipment date, which means these two dates are the same. （ ） |
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According to UCP600, data in a document must not conflict with data in any other stipulated document or the L/C．（ ） |
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Straight B/L are those covering shipments between direct ports of loading and discharge. （ ） |
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BAF,CAF and port congestion surcharges are normally levied by the port authorities in marine container transportation. （ ） |
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Institute Cargo Clauses C covers loss of or damage to cargo caused by earthquake.（ ） |
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Multimodal transport can reduce the risk of loss of or damage to cargo. （ ） |
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In international air cargo transportation, Special Commodity Rates are only applicable to named types of cargo, therefore they are always much higher than General Cargo Rates. （ ） |
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According to Incoterms 2000, CFR means that the risk of loss of or damage to the goods is transferred from the seller to the buyer when the goods pass the ship’s rail at the named port of destination. （ ） |
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Network design is a primary responsibility of logistical management since a firm facility structure is used to ship products and materials to customers. （ ） |
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One of the WTO basic functions is to implement, administer, and carry out IMF Agreement and it annexes. （ ） |
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The forwarders take delivery of the goods from the consignor and issue the document of Forwarder’s Certificate of Receipt to the consignor. In this case the forwarders are also considered to be the agent of the consignor. （ ） |
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The “beginning of a month” has the similar expression as “first half of a month” in the credit referring to shipment according to UCP600. （ ） |
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UCP 600 applies to all letters of credit no matter weather it is expressly mentioned or not in the text of the L/C （ ）. |
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An irrevocable confirmed documentary credit is one that contains the guarantee of payment to the beneficiary by both the issuing bank and confirming bank so long as the terms as condition of the credit are met. （ ） |
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The charterers retain the property in bunkers which have been supplied and paid for by shipowner on board the vessel during the period of voyage charter. （ ） |
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The sea waybill serves as same functions as marine bill of lading used in carriage of goods by rail and road and who is allowed, upon production of proper identification, to claim the goods without presenting the sea waybill. （ ） |
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Both order bill of lading and straight bill of lading can be transferred to the third party by endorsement. （ ） |
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The port clearance means that the cargo owner has got the permission of the customs authorities for import or export cargo. （ ） |
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Under CMR convention, the carrier is responsible for loss of or damage to the goods occurring between the goods loaded on board the ship and the time of delivery at discharging port. （ ） |
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The risk covered in FPA, WPA and All Risk in PICC Ocean Marine Cargo Clauses are not the same but all of them cover loss or damage caused by the intentional act of the InsureD．（ ） |
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Consolidation can not only benefit exporters, shippers and forwarders but also benefit carriers, because the carrier can take advantage of the FCL tariff rates. （ ） |
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In international air cargo transportation, Specific Commodity Rate are only applicable to named types of cargo. （ ） |
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According to INCOTERMS 2000, FCA may not be used for sea and inland waterway transport. （ ） |
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A sound inventory is a primary responsibility of logistical management since a firm’s facility structure is used to ship products and materials to customers. （ ） |
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