86% 18:50 III State whether the statements below are True or False The "C" incoterms stipulate buyer is responsible for cost and risks. Choose... Valuation rules stipulate that goods are only cleared based on invoice value. Choose... Choose... Penalties are there to shape, encourage voluntary compliance and discourage honest traders Ports vertical integration refers to integrating port holding Freight forwarders can only clear goods if there are licensed Choose... Choose... Choose.... The 3rd and 4th logistics service provider aims to fulfil the gap, what freight forwarder cannot provide The lodging of a goods declaration represents a legally binding statement that can lawfully be acted Choose... on. Ports horizontal integrations refers to integrating inland and maritime services. Choose... Misclassification of goods can lead to businesses paying more tax. Choose... Choose... The integration of supply chains is strengthened through ports operations. Re-exportation allows the importer to claim back some of the duties paid. The competitiveness of a port is sorely reliant on its infrastructure and capability. Choose... Choose... The Source of imports has no influence on duties and restrictions. Choose... It is crucial that the freight forwarder, importer and exporter correctly classify the goods to ensure that the right amount of duty and value-added tax is paid. Choose