Answered step by step
Verified Expert Solution
Question
1 Approved Answer
3. T. F. Buyers cannot declare a higher chargeable weight even if it saves them money . 4. T. F. For road transportation, rates are
3. T. F. Buyers cannot declare a higher chargeable weight even if it saves them money . 4. T. F. For road transportation, rates are listed in $ per CWT (100 pounds), but the dimensional weight is based on 10 lbs / cu ft. 5. T. F. Transportation is often the smallest cost in logistics . 6. T. F. Taking responsibility for inbound transportation allows a shipper to limit the number of inbound carriers, builds market power, provides balanced loads to carriers, and results in lower overall transportation costs. 7. T. F. Freight forwarders can buy and resell services , acting as consolidators . Forwarders can also act as your agent and seek out the many logistics functions you need around the world . 8. T. F. Many transportation and logistics providers are referred to as third party transportation and third party logistics (3PLs) providers. The meaning of the term third party is fairly simple. If the seller (first party) sells goods to a buyer (second party) and neither of them takes responsibility for the transportation and other logistics functions between them, a third party is needed . Even if there are four transportation companies, two warehousing companies and a customs broker involved, they are all generally referred to as third parties. 9. T. F. For the INCO term FOB, it is the Sellers responsibility to prepare the goods for shipment, handle the export clearance, handling inland transport, loading (ship's rail) delivery on board the ship and to give notice of delivery
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started