(1) How does an air carrier determine a shipment costs? What can a shipper do to reduce the costs of shipping a light but voluminous package?

(2) What is meant by a Forward Exchange Contract? Under what market conditions it works well?

(3) Why is a Letter of Credit used? How does it help a buyer and its supplier?

(4) What are some of the market environmental challenges facing the air cargo industry today? How is the industry dealing with these issues?