- In the following statements about loading and discharging charges in charter party, ( ) is correct.
- Under CFR contract, the goods are damaged during marine transport and the buyer suffers losses estimated at USD 1 000 due to natural calamity, USD 800 due to fortuitous accidents, and USD 2 000 due to extraneous risks.If the buyer has insured the goods for USD 1 000 000 against WPA before shiment, then the insurer should pay ( ) compensation to the buyer.
- In the following payment terms, ( ) is the safest term to the seller.
- According to CISG, the acceptance can be submitted ( )
- If the CIF value in a international contract is USD 9 000 000, and there isn’t any special terms and conditions about insurance, then according to INCOTERMS 2000, the seller could insure the goods for ( ) .
- According to UCP 600, under L/C, the payer of the draft is ( ) .
- According to CISG, the international business person can ( )before the offer reaches the offeree.
- Under documentary collection, the draft must be ( )
- According to UCP 600, the confirming bank must negotiate and/or honor ( )
- The term of FOB should be followed by ( ) in a international trade contract.
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