You are the world's leading manufacturer of computerized,range-finding equipment and you want to export your products to Libya and North Korea.With which of the following might you need to concern yourself?
(i)The Customs Act.
(ii)The Export and Import Permits Act.
(iii)A foreign distribution agreement with your foreign contact.
(iv)A force majeure clause in a distribution contract.
(v)Bills of lading.
(vi)Political risk insurance.

Question

Quizplus · Accepted Answer

Exporting to countries like Libya and North Korea involves legal and political considerations. The Export and Import Permits Act is crucial for compliance with export regulations. A foreign distribution agreement and a force majeure clause are important for contractual arrangements. Political risk insurance is relevant due to the unstable political climates in these countries. Bills of lading are necessary for shipping logistics. The Customs Act is less relevant in this context.

You Are the World's Leading Manufacturer of Computerized,range-Finding Equipment and You