SHORT ANSWER – Please provide a two to three sentence answer to each question.

1.What does the Delivery Duty Unpaid incoterm mean?

 2.Why is international cargo subject to a wide array of loss and damage risk?

 3.Why is cargo insurance is a challenge?

4.What is a Foreign Trade Zone?

ESSAY – (Please select two of the following questions and provide a one to three paragraph response)

1. What is the purpose of the North American Free Trade Agreement? How has it impacted trade between the U.S., Canada and Mexico?

2. Describe the some of the key global transportation challenges.

3. Describe the activities managers must accomplish as a part of import/export management.

4. What are the three types of "bridges" used to facilitate the movement of marine containers. How do they function? And what are the advantages of each?

5. What are ocean shipping rates based upon?

6. How are port authorities organized? What is the function of port authorities?

7. Define the customs clearing process.