For the Incoterm CIF (Cost,Insurance and Freight),the seller clears the goods for export,is responsible for delivering the goods on board at the port of shipment,pays the costs associated with transport of the goods to the port of destination,and procures and pays for marine insurance in the buyer's name for the shipment.
Correct Answer:
Verified
Q11: If the purchaser wants the supplier to
Q12: Global supply activities can be coordinated through:
A)regional
Q13: The most-cited reason for international trade is:
A)better
Q14: Maquiladoras in Mexico:
A)are designed to take advantage
Q15: When purchasing from offshore suppliers,buyers might expect
Q17: When purchasing goods or services from an
Q18: Which of the following discourages countertrade?
A)shortage of
Q19: The world's leading exporter of manufactured goods
Q20: The United Nations' Convention for the International
Q21: It is common for international trade disputes
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents