Question: 1. Time limits noted on the BOL for submitting written intention to claim: A) Are typically the same as the time limits for formally filing

1. Time limits noted on the BOL for submitting written intention to claim:

A) Are typically the same as the time limits for formally filing a claim

B) Are the same for all modes

C) Are not the same as the time limits for formally submitting a claim

D) Can be legally changed by the carrier transporting the shipment

2. Which party is primarily the one to insure goods on a marine shipment? A) The owner of the goods B) The marine carrier C) The marine surveyor D) The customs broker

3. The letter of credit has to involve certain parties to legally and efficiently expedite the documents, the payment guarantee, and the payment process. Who are the primary parties to a letter of credit? A) The Insuring Firm or Broker, The Bank, the Beneficiary B) The Insured, The Insurer, The Applicant C) The Forwarder, The Insurer, The Actuary D) The applicant, The Issuing Bank, The Beneficiary

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