Shipping and Maritime Law Question and Answers

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What exactly do you mean by "INCOTERMS"?

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Explanation:
Incoterms serve as definitions for various terms used in international trade and ensure that all contract language is consistent across borders. They specify who is accountable for paperwork, packing expenses, loading and unloading expenses, transportation expenses, insurance expenses, etc.

If the transportation of this kind of goods is connected to:

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Explanation:
Dangerous goods (DG), sometimes known as hazardous cargo, are substances, materials, and items that are categorized under the International Maritime Dangerous Goods (IMDG Code) as having combustible, corrosive, toxic, or other characteristics;

Under the doctrine of innocent passage, foreign ships are permitted to enter the territorial waters of other countries, with the exception of

Correct! Wrong!

Correct answer:
come with peace

The following risks are not included in all risks:

Correct! Wrong!

Explanation:
Non-delivery Coverage Policies protect against the failure of government-owned or private suppliers to deliver the ordered items and then fail to return or reimburse the insured's advance payment. The risks that are covered resemble contract frustration policies.

True or False: For a very long time, shipping has been acknowledged as one of the major drivers of socioeconomic progress.

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Correct answer:
True

Which of the following claims regarding marine surveyors is TRUE?

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Explanation:
A marine surveyor is a person who conducts inspections, surveys, or examinations of marine vessels to assess, monitor, and report on their condition and the products on them as well as inspect damage caused to both vessels and cargo. They may also be referred to as "yacht & small craft surveyors," "hull & machinery surveyors," and/or "cargo surveyors."

True or False: Each country has the authority to exploit natural resources within its exclusive economic zone (EEZ)

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Explanation:
The Exclusive Economic Zone, often known as the EEZ, is a line that enables nations to control the natural resources in the oceans that are inside their "boundaries" for both fishing and non-fishing sectors. The exclusive economic zone is the area where the United States and other coastal nations have control over natural resources, according to NOAA.

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