Thought that this would be a good way to find out what we know and dont know about shipping – basically the work that we do on a daily basis.. It will be a series of questions on a weekly basis.. Starting with week 49..
See how many points you can get.. Give yourself 2 points for each right answer..
1) What is meant by the term DDP..??
2) What is the significance of the term Ex-Works..??
3) Which is the 1st page of a bill of lading
4) What is a Stale B/L..??
5) What is a letter of credit..??
If you are confident, you can provide the answers in the comments area.. It will help others that dont know the answers..
Answers will be posted for the first set when the next set of questions are posted.. Have fun and learn..