barter

money circulation

equities

redeem

What are the three major objectives of the WTO?

Mention some of the risks the exporter may face in trade.

What is“ contract carriers”?

What are the standards for classification of high-income, middle-income and low-in- come countries according to the World Bank? Cite some examples for each group.

The 2000 revision of Incoterms took account of the spread of customs-free zones, the increased use of electronic communication, and the changes in transport practices. The new version offers a simpler and clearer presentation of the definitions of all the terms. As in the previous version, the trade terms of Incoterms 2000 are presented in a format which allows seller and buyer to follow a step-by-step process to determine their respective obligations.

Cargo insurance is one of the main branches of insurance. These are usually listed as fire, marine, life and accident. The term “marine” used to refer to the insurance of ships and their cargoes. Today the movement of cargoes is frequently effected partly by other modes of transport. Where cargo is concerned,” transportation insurance” seems a better term to use today than marine insurance. Goods do not go overseas solely by sea-air transport takes an increasing share of cargo these days.