In the Event of Cargo Damage,an Action Under COGSA Must

question 21

Multiple Choice

In the event of cargo damage,an action under COGSA must be brought within:

• A) A reasonable period of time.
• B) Within one year.
• C) Within two years.
• D) Within the time specified in the UCC.

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Definitions:

Net Operating Income

A measure of a company's profitability from its regular business operations, excluding taxes and interest.

Price Hike

An increase in the price of goods or services, which can be due to various factors including increased production costs or higher demand.

Net Operating Income

A measure of a company’s profitability, calculated as revenues less operating expenses excluding taxes and interest.

Traceable Fixed Expense

A fixed cost that can be directly linked to a specific segment of the business and would be eliminated if the segment ceased operations.