Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Bookkeeping And Accounting

Authors: Greg Shields

1st Edition

1983673536, 978-1983673535

More Books

Students also viewed these Accounting questions