Tomas would like to export electronic equipment from Canada to Eastern Europe, where he grew up. He realizes that there are rich markets there, although he is unfamiliar with some aspects of the export trade. He asks the shipping agent what difference it would make if he shipped from Halifax or a US port, like Boston. One difference is
A) goods sent from American ports are only covered to Hague Rule insurance limits which are marginally higher than Hague- Visby limits.
B) shipments from American ports are covered by either the Hague or Hague- Visby Rules. Choice allows for lower insurance prices.
C) goods sent from American ports are only covered to Hague Rule insurance limits, which are lower than Hague- Visby limits.
D) shipments from Canadian ports are covered by either the Hague or Hague- Visby Rules. Choice implies higher insurance prices.
E) Canada applies the Hague Rules, which have higher insurance limits on shipments and therefore higher prices.
Correct Answer:
Verified
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