A Vessel Operating Under the Threat of Piracy or Hostile

question 47

Multiple Choice

A vessel operating under the threat of piracy or hostile military action is protected by the:

• A) United Nations (UN) military forces.
• B) country closest to the vessel at the time of attack.
• C) shipping company registry.
• D) naval forces of the flag of registry.

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Definitions:

Cost of Carry

The cost associated with holding a financial position, including storage costs for commodities or interest costs for financial securities.

S&P 500 Index

An index comprising 500 of the largest companies listed on stock exchanges in the United States, serving as a barometer for the overall market's health.

Futures Contract

A standardized legal agreement to buy or sell something at a predetermined price at a specified time in the future.

Position

Refers to the amount of a specific security, commodity or currency that is owned or controlled by an individual or entity.