Weight ton and Measurement ton are used to calculate _________.
A. weight
B. freight
C. volume
D. premium
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“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
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