SCMN 2150 Quiz with Complete Solutions

SCMN 2150 Quiz with Complete Solutions According to this week's article on Incotems 2020 brings _________ related obligations to the forefront in each Incoterm. A. Insurance B. Ownership C. Cost D. Security ANSWER Security According to this week's article, Incoterms only define contractual rights for risk and responsibility. Both the buyer and seller must separately specify where ownership and title transfer. A. True B. False ANSWER True What is an ocean carrier's legal liability for goods in transit? A. Declared value of the cargo B. $500 per customary shipping unit C. Full value of the cargo D. 19 SDR per kilo ANSWER $500 per customary shipping unit or the actual value of the goods, whichever is less Under the reasonable care provision, which organization is responsible for accurate paperwork, what is being transacted, and the terms of the transaction? A. The exporter B. The transportation company C. The importer ANSWER The importer