State whether the statements below are True or False. Do not write " T " or " F, this can cost you marks. Each statement is worth 2 marks. 1.1 Freight forwarders can only clear goods if there are licensed. 1.2 Hull Insurance covers for the onboard machineries. 1.3 Misclassification of goods can lead to business paying more tax. 1.4 Ports vertical integration refers to integrating port holding. 1.5 Re-exportation allows the importer to claim back some of the duties paid. 1.6 Source of imports has no influence on duties and restrictions. 1.7 The " C " incoterms stipulates buyer is responsible for cost and risks. 1.8 The competitiveness of a port sorely reliant on its infrastructure and capability. 1.9 The integration of supply chains is strengthened through ports operations. 1.10 The lodging of a goods declaration represents a legally binding statement that can lawfully be acted on. 1.11 Valuation rules stipulate that goods are only cleared based invoice value. 1.12 Ports horizontal integrations refers to integrating in land and maritime services