SONAR and Bluewater Shipping Flashcards
1
Q
incoterms
A
sets of standardized rules that define responsibilities of sellers and buyers
2
Q
we are the _____
A
buyer
3
Q
FOB
A
seller responsible until goods are loaded onto ship at port of origin
4
Q
CIF
A
seller responsible for everything up until goods are unloaded at destination port
5
Q
EXW
A
seller responsible for everything
6
Q
sea container
A
specifically designed for ocean transport
7
Q
multimodal container
A
multiple modes of transport; rail, train, etc.
8
Q
baltic dry index
A
proxy for dry bulk-shipping stocks and general market bell whether
9
Q
baltic dry index, BDI essentially =
A
cost to ship
(think shipping something from Shanghai to Long Beach, CA)
10
Q
SONAR collects data from….
A
multiple sources and aggregates it
11
Q
SONAR allows creation of…
A
custom pages such as cost to ship from Shanghai to CA
