“Laydays” is a term used to describe the time of ________ agreed upon between ship owner and chartere.
A. shipment
B. arrival
C. loading and unloading
D. insurance
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Vessel being grounded is regarded as _______.
A. extraneous risk
B. total loss
C. G.A.
D. fortuitous accident
_______ is a document of title.
A. L/C
B. inspection certificate
C. B/L
D. insurance policy
___________ price is the basis to calculate the premium.
A. FOB
B. CIF
CFR
D. EXW
Inspection based on ______ is best for the buyer.
A. Inspection at the port of shipment and Re-inspection at the port of destination
B. Landing Quality/Weight (Quantity) as Final
C. Shipping Quality/ Weight (Quantity) as Final
D. None of above
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