Answer only please because have time limit.

1) Which of the following INCOTERMS applies only to contracts involving marine transport?

Select one:

a. FCA

b. DAP

c. DDP

d. FAS

2) INCOTERMS 2020 contains:

Select one:

a. 11 Rules

b. 13 Rules

c. 15 Rules

d. 2010 Rules

3) Why might arbitration be an attractive option for settling disputes in international trade and investment cases?

Select one:

a. There is no right of appeal.

b. The decisions of the arbitrator can be widely enforced.

c. It is more costly than going through national courts.

d. The proceedings are made public.

4) Section 55(1) of the Marine Insurance Act 1906 introduces the doctrine of:

Select one:

a. constructive loss.

b. subrogation.

c. proximate causation.

d. insurable interests.

5) In a letter of credit arrangement, the bank has an obligation to inspect the goods before paying for the documents on behalf of the buyer.

Select one:

a. True

b. False