Question: True / False , Short Answer 1 . A straight bill of lading is negotiable. ( p . 2 0 ) 2 . Bills of

True/False, Short Answer
1. A straight bill of lading is negotiable. (p.20)
2. Bills of lading are only used in the highway mode of transportation. (p.22)
3. The Canada Customs Invoice (CCI) may be completed by the supplier, the importer, or the customs broker on behalf of a client. (p.23)
4. Some importers and customs brokers develop their own CCI. (p.23)
5. The date of direct shipment to Canada is used to determine the duty classification. (p.23)
6. Field ____ of the CCI must be different than the price actually paid or payable excluding discounts. (p.27)
7. Advanced Commercial Information (ACI) requirements were first used for air cargo. (p.28)
8. There is no penalty if ACI information or time frames are not met. (p.28)
9. Marine ACI data must be sent as the cargo is offloaded at a Canadian port. (p.28)
10. Breakbulk cargo is containerized. (p.29)
11. The timeframe for marine ACI reporting is the same for the United States as for the rest of the world. (p.29)
12. Marine ACI conveyance data must be forwarded to the CBSA. (p.30)
13. Air ACI must be transmitted at least 24 hours before arrival. (p.32)
14. Unlike the marine mode, air mode goods are reported on the Air Cargo Reporting Sheet. (p.32)
15. Highway carriers submit ACI data on a program called _________.(p.33)
16. Form ___ is a paper manifest used for modes other than the marine mode, which uses the A6A.(p.34)
17. The consist sheet is used by couriers to account for goods. (p.38)
18. Canada Post processes the duty and taxes assessed on mailed items at no cost to the recipient. (p.40)
19. Storage rates for sufferance warehouses are set by the CBSA to force consistency across Canada. (p.41)
20. Goods may be directly exported from a bonded warehouse provided duty and taxes are paid. (p.41)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!