Question
Determine whether the statements are true or falsePut T for true or F for false in the table 26. In international trade, if All Risks
Determine whether the statements are true or falsePut T for true or F for false in the table
26. In international trade, if All Risks was covered, any loss caused by any reason on the way can be compensated by insurance company.
27. Although the insurance has been covered by the exporter, sometimes, the importer still needs to make extra insurance arrangement for a wider cover.
28. The date of issuance of B/L should be earlier than the date of issuance of insurance policy.
29. Container offers better protection for the goods, so container shipments have a higher premium than break- bulk shipments.
30. According to the usual practices, the insured amount, if not specified in the sales contract will be 110% of CIF or CIP price.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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