please answer this as soon as possible.

Brightspace xExam ITT MID-TERM Exam Question 3 of 50 / Time Remaining: 01:59:30 Answe 66el- Quest What type of insurance is usually arranged by the exporter or importer to obtain coverage in case of cargo loss or damage? Select one answer. Errors or omissions insurance Liability insurance Cargo insurance Property insuranceBrightspace x Exam ITT MID-TERM Exam Question 31 of 50 / Time Remaining: 01:58:31 22 ABC Exporter in Bilboa, Spain, is shipping 15 pallets of tools, loaded in one 20-ft ocean container, to DEF 23 Importers in Buenos Aires, Argentina on CPT, Port of Buenos Aires, Incoterms@ 2020. The term of payment 24 is open account, 60 days. Upon unloading at DEF Importers' door, they noticed that the contents of 5 pallets 25 were damaged. Who bears the loss? Select one answer. 26 27 Buyer SellerQuestion 40 of 50 " Time Remaining: 01:57:45 ITT MID-TERM Ex A freight forwarder needs to move 40 cases of drills by truck. The total gross weight of the shipment is 3,000 22 lb and the total cubic measure of the shipment is 530 ft3. The rate is CAD $9.50/100 lb. What will be the 23 total trucking charges for this shipment in Canadian dollars? Select one answer. 24 25 CAD $28.50 26 CAD $50.35 28 CAD $285.00 CAD $503.50Brightspace Exam ITT MID-TERM Exam Question 5 of 50 / Time Remaining: 01:59:26 In the freight forwarding business, how can obligations under a contract pass to third parties? Select one answer. By disregarding the forwarder's obligations under the standard trading conditions By signing the code of ethics By acquiring additional liability insurance By using the concept of principal and agentQuestion 50 of 50 /" Time Remaining: 01:57:43 ITT MID-TERM E Which of the following statements about the truck bill of lading is correct? Select one answer. It is an insurance receipt 24 25 It is the receipt for the goods It is a negotiable document INONMm It confers title of ownership of the goodsBrightspace X Exam Question 37 of 50 / Time Remaining: 01:58:16 ITT MID-TERM Exar For their next shipment of specialized equipment, California Copper Inc., in Sierra Nevada, California is 22 supplying their own vessel to load the equipment from their supplier, Benji Equipment Inc., from the dock at 23 the port in Shenzhen, China to be transported to California. What term would California Copper negotiate? 24 Select one answer. 25 26 CIF Terminal X, Port of Shenzhen, Incoterms@ 2020 FAS Terminal X, Port of Shenzhen, Incoterms@ 2020 FCA Terminal X, Port of Shenzhen, Incoterms@ 2020 FOB Terminal X, Port of Shenzhen, Incoterms@ 2020Brightspace Exam Question 26 of 50 / Time Remaining: 01:58:50 ITT MID-TERM Exam 20 Houston, Texas, U.S.A Jewelry Store purchase 20 cartons of watches, on open account 30 days. The cartons 21 are transported by air freight from Zurich, Switzerland, on DPU, IAH Houston, Texas, U.S.A., Incoterms 22 23 2020. Who is obliged to purchase cargo insurance? Select one answer. 24 Buyer 25 Seller Consignee No oneBrightspace ITT MID-TERM Exam Question 23 of 50 / Time Remaining: 01:58:54 18 Provide the complete Incoterm @ 2020 for the following scenario: the buyer ( Lisbon, Portugal) wants to have 19 a complete control and assume all risk over the cargo from their seller (Montreal, Canada), including loading 20 on the first carrier. Select one answer. 21 22 FCA, Seller's Warehouse, Montreal, Canada, Incoterms 2020 23 24 EXW, Seller's Warehouse, Montreal, Canada, Incoterms@ 2020 EXW, Buyer's Warehouse, Lisbon, Portugal, Incoterms@ 2020 DPU, Buyer's Premises, Lisbon, Portugal, Incoterms@ 2020Brightspace Exam ITT MID-TERM Exam Question 24 of 50 / Time Remaining: 01:58:53 19 Provide the complete Incoterm @ 2020 for the following sea or inland waterway scenario: the seller delivers 20 the goods to the buyer on board the vessel in the port of New York, U.S.A., sailing to the port of Antwerp, 21 Belgium. The seller must also contract for insurance cover on the goods from at least the port of origin to the 22 port of destination. Select one answer. 23 24 FAS, New York, U.S.A., Incoterms@ 2020 FOB, New York, U.S.A., Incoterms @ 2020 CIF, Antwerp, Belgium, Incoterms@ 2020 CIF, New York, U.S.A., Incoterms@ 2020Brightspace Exam Question 30 of 50 / Time Remaining: 01:58:43 ITT MID-TERM Exam 21 ABC Exporter in Bilboa, Spain, is shipping 15 pallets of tools, loaded in one 20-ft ocean container, to DEF 22 23 Importers in Buenos Aires, Argentina on CPT, Port of Buenos Aires, Incoterms@ 2020. The term of payment 24 is open account, 60 days. The shipment was delayed on arrival at the Buenos Aires port due to security 25 requirements and demurrage charges were incurred. Who is responsible to pay the charges? Select one 26 answer. 27 Buyer SellerBrightspace X Exam ITT MID-TERM Exar Question 40 of 50 / Time Remaining: 01:58:10 21 When would rail transportation offer a competitive advantage over road transportation? Select one answer. 22 23 When transit time is not an issue 24 25 26 When transporting bulk commodities When the commodity is hazardous When the commodity is fragileBrightspace x Exam Question 46 of 50 / Time Remaining: 01:58:01 ITT MID-TERM Exan 21 A customer has 6 pallets of medical supplies. The dimensions of each pallet are 1.20 m x. 0.80 m x 1.30 m 22 and the weight of each pallet is 500 kg. What is the chargeable weight of the shipment in pounds? Select 23 one answer. 24 25 1, 248 1b 26 2,644.40 lb 6,613.80 lb 7,488 1bBrightipace x Exam Question 41 of 50 / Time Remaining: 01:58:09 ITT MID-TERM Exar A truck with an over-weight load travels from Ottawa to Regina through Canada. Does the truck operator 22 require any special permits? Select one answer. 23 24 No permits are required 25 26 Yes, in Ontario and Saskatchewan Yes, in Ontario, Manitoba and Saskatchewan Yes, from the federal governmentBrightspace *Exam Question 9 of 50 / Time Remaining: 01:59:19 ITT MID-TERM Exam Often parties are reluctant to commit goods to shipment because of lack of mutual trust. Which party involved in international trade transactions can provide a guarantee that a payment for goods will be made? Select one answer. Governments Buyer Banks Customs brokerBrightspace Question 21 of 50 / Time Remaining: 01:58:58 ITT MID-TERM Exam A distributor in Busan, South Korea has ordered a shipment of tractors from a supplier in Lahore, Pakistan. The distributor has chosen to ship on FOB, Quay C, Port of Bin Qasim, Pakistan, Incoterms@ 2020. Due to 18 rough seas, some tractors are damaged during transport. Who bears the loss? Select one answer. 19 Buyer 20 SellerBrightspace x Exam Question 35 of 50 / Time Remaining: 01:58:19 ITT MID-TERM Exar A copper mine in Sierra Nevada, California, U.S.A. (California Copper Inc. ) has a supplier of equipment in 22 Benji, Jiangsu, China (Benji Equipment Inc.). The supplier sent 30 tonnes of equipment, containerized, to 23 24 California on DAP, 12 Levon Ave., Unit 5, Truckee, California, Incoterms@ 2020. The terms of payment are 25 open account, net 60 days. Who would bear the risk of a possible loss of part of whole of the shipment? Select one answer. 26 California Copper Inc. Benji Equipment Inc.Brightspace x Exam Question 44 of 50 / Time Remaining: 01:58:04 ITT MID-TERM Exa A customer has 6 pallets of medical supplies. The dimensions of each pallet are 1.20 m x. 0.80 m x 1.30 m 22 and the weight of each pallet is 500 kg. What is the actual weight of the shipment in pounds? Select one 23 answer. 24 25 500 lb 26 1,600 lb 3,000 lb 6,613.80 1bBrightspace *Exam Question 36 of 50 / Time Remaining: 01:58:17 ITT MID-TERM Exa A copper mine in Sierra Nevada, California, U.S.A. (California Copper Inc. ) has a supplier of equipment in 22 Benji, Jiangsu, China (Benji Equipment Inc.). The supplier sent 30 tonnes of equipment, containerized, to 23 California on DAP, 12 Levon Ave., Unit 5, Truckee, California, Incoterms 2020. The terms of payment are 24 25 Select one answer. open account, net 60 days. Who bears the responsibility to pay for the unloading at the consignee's door? 26 California Copper Inc. 28 Benji Equipment Inc.Brightspace x Exam Question 45 of 50 / Time Remaining: 01:58:02 ITT MID-TERM Exar 21 A customer has 6 pallets of medical supplies. The dimensions of each pallet are 1.20 m x. 0.80 m x 1.30 m 22 and the weight of each pallet is 500 kg. What is the volume weight of the shipment in pounds? Select one 23 answer. 24 25 1, 248 1b 26 27 2, 644.40 lb 28 3,488.40 lb 7,488 1bBahtspace x Exam Question 38 of 50 / Time Remaining: 01:58:13 ITT MID-TERM Exar The following questions focus on the topic of Land Transportation: 22 23 24 Which country in Africa has the most developed rail and road system on the continent? Select one answer. 25 26 Morocco Kenya South Africa GhanaBrightspace * Exam ITT MID-TERM Exam Question 29 of 50 / Time Remaining: 01:58:45 21 ABC Exporter in Bilboa, Spain, is shipping 15 pallets of tools, loaded in one 20-ft ocean container, to DEF 22 23 Importers in Buenos Aires, Argentina on CPT, Port of Buenos Aires, Incoterms@ 2020. The term of payment 24 is open account, 60 days. Who pays the ocean freight charges? Select one answer. 25 26 Buyer 28 SellerBrightspace X Exam Question 13 of 50 / Time Remaining: 01:59:12 ITT MID-TERM Exam Which of the following statements regarding Incoterms is not correct? Select one answer. Incoterms are not international law Incoterms are governed by international conventions Incoterms do not address price or ownership of goods Incoterms@ do not take precedence over the Hague-Visby RulesBrightspace xExam Question 8 of 50 / Time Remaining: 01:59:21 ITT MID-TERM Exam If the customer has agreed to the standard trading conditions that their forwarder has explained and provided to them, but the customer does not take time to read and understand them and makes an erroneous action addressed under the conditions, who is liable for this error? Select one answer. The forwarder The customer The carrier involved in the transaction The customer's customs brokerBrightspace X &Exam Question 27 of 50 / Time Remaining: 01:58:48 ITT MID-TERM Exam Houston, Texas, U.S.A. Jewelry Store purchase 20 cartons of watches, on open account 30 days. The cartons 22 are transported by air freight from Zurich, Switzerland, on DPU, IAH Houston, Texas, U.S.A., Incoterms 23 24 2020. Who bears the risk and cost for any import formalities? Select one answer. 25 Buyer 26 27 28 SellerBrightspace Exam ITT MID-TERM Exam Question 16 of 50 / Time Remaining: 01:59:06 The International Chamber of Commerce emphasize that it is important that the parties to the contract agree on as specific geographic location as possible in the Incoterms. In case they do not agree, which party chooses the location? Select one answer. The buyer The seller Either of them This is specific to the individual IncotermsBrightspace x Exam Question 42 of 50 / Time Remaining: 01:58:07 ITT MID-TERM Exa Would this truck load be within the Canadian legal height restriction before over-height permit is required if 22 the container chassis is 4 ft high and the container is 8 ft 6 in high? Select one answer. 23 24 Yes, the load is exactly the maximum permitted height 25 26 Yes, the load is 1 ft lower than the maximum permitted height 28 No, the load is 6 in higher than the maximum permitted height No, the load is 1 ft higher than the maximum permitted heightBrightspace X Exam ITT MID-TERM Exam Question 4 of 50 / Time Remaining: 01:59:28 Ans Fla no International, as well as domestic, contracts between buyers and sellers contain many details, among them terms of payment. What do terms of payment specify? Select one answer. How and when the seller pays the buyer How and when the buyer pays the seller How the costs and risks are divided between sellers and buyers How to apply the terms of international paymentBrightspace X Exam ITT MID-TERM Exam Question 1 of 50 / Time Remaining: 01:59:40 The following questions focus on the topic of Understanding Freight Forwarding : Answered Question Flagged Which party involved in international trade transactions is responsible for the controllable aspects of a new market? Select one answer. Exporter Importer Customs broker Freight forwarderBrightspace x Exam Question 34 of 50 / Time Remaining: 01:58:20 ITT MID-TERM Exa A copper mine in Sierra Nevada, California, U.S.A. (California Copper Inc. ) has a supplier of equipment in 22 Benji, Jiangsu, China (Benji Equipment Inc.). The supplier sent 30 tonnes of equipment, containerized, to 23 California on DAP, 12 Levon Ave., Unit 5, Truckee, California, Incoterms@ 2020. The terms of payment are 24 25 one answer. open account, net 60 days. Who is responsible to pay the terminal charges at the port in California? Select 26 27 California Copper Inc. 28 Benji Equipment Inc.) Brightspace X Exam ITT MID-TERM Exam Question 12 of 50 / Time Remaining: 01:59:13 The following questions focus on the topic of Terms of Trade: In case of a legal dispute, when can Incoterms be brought up in the court of law? Select one answer. When they are part of an international convention When they are incorporated into the contract of sale Only when they are used in trade of tangible goods When the claimant has read and understood themBrightspace &Exam ITT MID-TERM Exam Question 18 of 50 / Time Remaining: 01:59:03 Generally, under all Incoterms, except for two, export clearance is the responsibility of the seller and import clearance is the responsibility of the buyer. What are the two Incoterms? Select one answer. CPT and CFR EXW and DDP EXW and FCA FOB and DDPBrightspace Exam Question 2 of 50 / Time Remaining: 01:59:33 ITT MID-TERM Exam Which of the following countries share similar CREEEPSS? Select one answer. Question Answere Flagged North Korea and the Republic of Korea Germany and Austria Spain and China Costa Rica and PortugalBrightspace x Exam ITT MID-TERM Exam Question 19 of 50 / Time Remaining: 01:59:02 A consignment of fashion goods is exported by air freight from Barcelona, Spain to Moscow, Russia under "CPT, ul. Lesnaya 105, Moscow, 23567, Russia, Incoterms@ 2020". In this scenario, where does the risk for loss or damage transfer? Select one answer. In ul. Lesnaya 105, Moscow In Barcelona when handed to a carrier Anywhere between the point of origin and the port of destination At the airport in MoscowBrightspace Exam Question 6 of 50 / Time Remaining: 01:59:24 ITT MID-TERM Exam Where in the CIFFA Standard Trading Conditions can one find a description of the forwarder acting either as principal or as agent? Select one answer. Paragraph 1 Paragraph 2 Paragraph 3 Paragraph 4Brightspace x Exam Question 17 of 50 / Time Remaining: 01:59:05 ITT MID-TERM Exam The Incoterms@ 2020 publication divides the obligations of sellers and buyers into ten articles. Under which of the following articles is the seller obligated to provide the goods and the commercial documents and the buyer to pay in conformity with the sales contract? Select one answer. A1/B1 A2/B2 A6/B6 A9/B9Question 48 01 50 / Time Remaining: 01:57:47 ITT MID-TERM Ex 21 A customer has 8 boxes of widgets. The dimensions of each box are 50 cm x 50 cm x 30 cm and the weight 22 of each box is 4 lb. The trucking rate is CAD $30.50/100 lb, and the company has a minimum charge of CAD 23 $40.00. What is the trucking freight cost for this shipment? Select one answer. 24 25 CAD $6.46 26 27 CAD $40.00 CAD $64.63 CAD $97.60Brightspace * Exam Question 33 of 50 / Time Remaining: 01:58:22 ITT MID-TERM Exar A copper mine in Sierra Nevada, California, U.S.A. (California Copper Inc. ) has a supplier of equipment in 22 Benji, Jiangsu, China (Benji Equipment Inc.). The supplier sent 30 tonnes of equipment, containerized, to 23 California on DAP, 12 Levon Ave., Unit 5, Truckee, California, Incoterms@ 2020. The terms of payment are 24 25 open account, net 60 days. Who is responsible for arranging and paying for the container placement at Benji's door? Select one answer. 26 California Copper Inc. Benji Equipment Inc.Brightspace Exam ITT MID-TERM Exam Question 15 of 50 / Time Remaining: 01:59:08 Under which group of Incoterms are the transfer points for risk and the transfer points for costs different? Select one answer. E-Terms F-Terms C-Terms D-TermsBrightxpace ITT MID-TERM Exam Question 20 of 50 / Time Remaining: 01:59:00 An exporter in Santiago, Chile has a new customer in Madrid, Spain. In order to maintain their good reputation, they want to send their first shipment making sure that it arrives on time and if any part of the 17 shipment is lost or damaged, the customer is "made whole". Which Incoterm should the exporter choose in 18 this situation? Select one answer. 20 CIP, Madrid, Spain, Incoterms @ 2020 CIP, Santiago, Chile, Incoterms @ 2020 EXW, Santiago, Chile, Incoterms@ 2020 DDP, Madrid, Spain, Incoterms@ 2020Brightspace * Exam Question 10 of 50 / Time Remaining: 01:59:17 ITT MID-TERM Exam What is the time in Lima, Peru (GMT -5), if it is 19:00 in Madrid, Spain (GMT +1) on Thursday? Select one answer. 12:00 noon on Thursday 13:00 noon on Thursday 15:00 noon on Thursday 01:00 on FridayBrightspace Exam Question 14 of 50 / Time Remaining: 01:59:10 ITT MID-TERM Exam The International Chamber of Commerce has divided Incoterms@ into four groups (E, F, C and D). What does this division specify? Select one answer. 10 The mode of transport they can be applied to The progression of responsibility between buyer and seller The difference between the points of transfer of risk and cost The obligation of the buyer from the lowest (E) to the highest (D)Fightspace Question 39 of 50 / Time Remaining: 01:58:12 ITT MID-TERM Exar Which agency of the Canadian government controls rail transportation? Select one answer. 22 23 Transport Canada 24 25 Canadian Transportation Agency 26 28 Canadian Rail Agency Infrastructure CanadaBrightspace x Exam Question 32 of 50 / Time Remaining: 01:58:24 ITT MID-TERM Exa A copper mine in Sierra Nevada, California, U.S.A. (California Copper Inc. ) has a supplier of equipment in 22 Benji, Jiangsu, China (Benji Equipment Inc.). The supplier sent 30 tonnes of equipment, containerized, to 23 California on DAP, 12 Levon Ave., Unit 5, Truckee, California, Incoterms@ 2020. The terms of payment are 24 one answer. open account, net 60 days. Who selects the freight forwarder and pays the ocean freight charges? Select 25 26 27 California Copper Inc. 28 Benji Equipment Inc.Brightspace xExam Question 25 of 50 / Time Remaining: 01:58:51 ITT MID-TERM Exam Houston, Texas, U.S.A. Jewelry Store purchase 20 cartons of watches, on open account 30 days. The cartons 20 are transported by air freight from Zurich, Switzerland, on DPU, IAH Houston, Texas, U.S.A., Incoterms 21 22 2020. Who selects the airline? Select one answer. 23 Buyer 24 25 Seller 26NOExam ITT MID-TERM Exam Question 7 of 50 / Time Remaining: 01:59:22 Refer to the CIFFA Standard Trading Conditions to answer the following question: a Customer received their shipment and exercised reasonable care in thoroughly examining it for any damage within the applicable timeline. No damage was discovered. However, 10 days after the completion of transit of this shipment, damage that could not have been apparent at the time of receipt of the cargo was discovered. When does the Customer have to notify the forwarder of this claim? Select one answer. Immediately The time is outside of the claim period and notice of claim cannot be brought Within 45 days of the discovery of the damage Within 45 days of the date when the shipment was delivered(trontspace *Exam Question 22 of 50 / Time Remaining: 01:58:56 ITT MID-TERM Exam ABC Importing in Germany are considering importing from Vietnam on ExWorks Seller's Premises, Vietnam, 18 Incoterms 2020. The importer is not familiar with the Customs procedures in Vietnam and does not want to 19 be exposed to the risk of making a mistake. What would be a more appropriate term for ABC Importing to 20 use under these circumstances? Select one answer. 21 22 CPT, ABC Importing, Germany, Incoterms@ 2020 FCA, Seller's Premises, Vietnam, Incoterms@ 2020 DAP, ABC Importing, Germany, Incoterms@ 2020 DDP, Seller's Premises, Vietnam, Incoterms@ 2020Brightspace x Exam Question 43 of 50 / Time Remaining: 01:58:06 ITT MID-TERM Exar 27 A Canadian truck carrier is transporting 600 lb of cargo valued at CAD $1,500.00. Unless otherwise noted on 22 the bill of lading, what is the trucker's maximum liability for this cargo? Select one answer. 23 24 CAD $600.00 25 26 CAD $1,200.00 CAD $1,500.00 CAD $2, 646.00Question 47 of 50 /" Time Remaining: 01:57:50 ITT MID-TERM E Which type of rail equipment, in the attached image, carries bulk commodities and unloads through an 22 opening at the bottom? Select one answer. 24 25 26 689 Box car Gondola carBrightspace XExam Question 28 of 50 / Time Remaining: 01:58:46 ITT MID-TERM Exam 21 Houston, Texas, U.S.A. Jewelry Store purchase 20 cartons of watches, on open account 30 days. The cartons 22 are transported by air freight from Zurich, Switzerland, on DPU, IAH Houston, Texas, U.S.A., Incoterms 23 2020. Who bears the risk for a loss of goods during transit? Select one answer. 24 25 Buyer 26 27 SellerBrightspace X Exam ITT MID-TERM Exam Question 1 of 50 / Time Remaining: 01:59:40 The following questions focus on the topic of Understanding Freight Forwarding : Answered Question Flagged Which party involved in international trade transactions is responsible for the controllable aspects of a new market? Select one answer. Exporter Importer Customs broker Freight forwarder