Podcast
Questions and Answers
What year did the International Chamber of Commerce first conceive the idea of INCOTERMS?
What year did the International Chamber of Commerce first conceive the idea of INCOTERMS?
- 1950
- 1936
- 1945
- 1921 (correct)
Which subcommittee under the International Chamber of Commerce was responsible for coming up with the initial six INCOTERMS?
Which subcommittee under the International Chamber of Commerce was responsible for coming up with the initial six INCOTERMS?
- International Trade Subcommittee
- Trade Compliance Committee
- Trade Term Committee (correct)
- Rules and Regulations Subcommittee
What was a significant change introduced in INCOTERMS with the addition of the FCA rule?
What was a significant change introduced in INCOTERMS with the addition of the FCA rule?
- Delivery from seller to buyer on land (correct)
- Seller's responsibility during transit
- Transfer of ownership at the port of loading
- Introduction of risk transfer at sea
How many INCOTERMS are there as per the INCOTERMS 2020?
How many INCOTERMS are there as per the INCOTERMS 2020?
Which two INCOTERMS are highlighted as the most popular among shippers and well understood by various authorities?
Which two INCOTERMS are highlighted as the most popular among shippers and well understood by various authorities?
What does the presence of an INCOTERM determine in terms of marine cargo insurance?
What does the presence of an INCOTERM determine in terms of marine cargo insurance?
Which convention was intended to replace the Warsaw convention rather than amend it?
Which convention was intended to replace the Warsaw convention rather than amend it?
What is the significance of the Montreal convention with regards to the Warsaw convention?
What is the significance of the Montreal convention with regards to the Warsaw convention?
How many parties to the Warsaw convention have ratified The Hague protocol?
How many parties to the Warsaw convention have ratified The Hague protocol?
In which city was the Warsaw convention originally signed in 1929?
In which city was the Warsaw convention originally signed in 1929?
Which treaty is amending the Warsaw convention according to the text?
Which treaty is amending the Warsaw convention according to the text?
When was The Hague protocol signed?
When was The Hague protocol signed?
Under the Hague-Visby rules, when do the rules apply to a bill of lading related to carriage of goods between two different ports?
Under the Hague-Visby rules, when do the rules apply to a bill of lading related to carriage of goods between two different ports?
What was the purpose behind the establishment of the Hamburg rules by the U.N?
What was the purpose behind the establishment of the Hamburg rules by the U.N?
In terms of liability, how do the Hague-Visby rules define cargo ships' obligations?
In terms of liability, how do the Hague-Visby rules define cargo ships' obligations?
Which set of rules is more radical and extensive compared to the Hague-Visby rules but has not yet been fully ratified?
Which set of rules is more radical and extensive compared to the Hague-Visby rules but has not yet been fully ratified?
What was one significant amendment made to the Hague rules to transform them into the Hague-Visby rules?
What was one significant amendment made to the Hague rules to transform them into the Hague-Visby rules?
Which document must indicate that either the Hague-Visby rules or equivalent legislation governs a contract for the rules to apply?
Which document must indicate that either the Hague-Visby rules or equivalent legislation governs a contract for the rules to apply?
What type of carrier is liable for loss resulting from loss of or damage to the goods, as well as from delay in delivery, under the Hamburg Rules?
What type of carrier is liable for loss resulting from loss of or damage to the goods, as well as from delay in delivery, under the Hamburg Rules?
Which international organization was responsible for drafting the Hague and Hague-Visby rules?
Which international organization was responsible for drafting the Hague and Hague-Visby rules?
In the context of carriers' obligations, what major change did India introduce to the Hague-Visby rules in 1993?
In the context of carriers' obligations, what major change did India introduce to the Hague-Visby rules in 1993?
Under the Indian COGSA, which set of rules is specifically incorporated into its schedule?
Under the Indian COGSA, which set of rules is specifically incorporated into its schedule?
What is the primary obligation of a carrier concerning cargo under the rules mentioned in the text?
What is the primary obligation of a carrier concerning cargo under the rules mentioned in the text?
What is a common characteristic of carriers under various international maritime rules?
What is a common characteristic of carriers under various international maritime rules?
