1. Why is there a need for transport security? Research and find an instance of actual piracy against a U.S. vessel. Describe the account in detail.

2. Make a fictitious manufacturing or service business and integrate any 25 of the following terms in the description of your business operation. Underline each of these words when typing your response. Your business operation narrative should be accurate, explanatory, and very descriptive.

Air freighter

Air waybill

Backhaul

Benchmarking

Bill of lading

Break bulk

Break-bulk ships

Broker

Bulk carriers

Cargo inspection

Carrying capacity

Center-of-gravity approach

Certificate of origin

Certificate of origin

Charter service

Commodities

Complementary products

Consignee

Containerized freight

Container-on-flatcar

Contract carrier

Cost leadership strategy

Crude carriers

Custom brokerage

Customs brokers

Decentralized logistics organization

Dry-bulk carriers

Economic order quantity

Excess capacity

Expatriate workers

Expediting

Fixed order quantity system

FOB destination

Focus strategy

Freight bill

Freight forwarder

Green supply chains

Headhaul

Income statement

Insurance

International freight forwarder

Inventory carrying (holding)

Inventory tax

ISO 9000

Lean manufacturing

Letter of credit

Liabilities

Longshoreman

Make-to-stock

Manifest

Method of payment

Net profit margin

Order processing

Ordering costs

OSHA

Owners' equity

Place utility

Port authority

Productivity

Quality-of-life considerations

Revenues

Reverse flow logistics

Reverse logistics

Risk retention

Routing

Safety stock

Shipbrokers

Single sourcing

Speculative stock

Stevedores

Supertankers

Unit train