What Is the Purpose of "Shipping Conference

question 14

Multiple Choice

What is the purpose of "Shipping Conference"?

• A) It allows ship owners to meet and discuss problems and lobby government.
• B) The Conferences sets rates for the member carriers
• C) It sets sailing schedules and assigns port berths
• D) The Conference does none of the above.

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Definitions:

Delivered Duty Paid

An international trade term where the seller is responsible for delivering goods at the buyer's doorstep, clearing customs, and paying all import duties.

Incoterm

A set of predefined commercial terms published by the International Chamber of Commerce relating to international commercial law.

Supplier Responsibilities

Supplier responsibilities involve obligations that vendors must fulfill, including delivering quality goods on time, adhering to contracts, and maintaining ethical practices.

International Purchasing Offices

Offices located in foreign markets that are responsible for identifying, negotiating, and acquiring goods and services for their parent company.