Chapters 11 and 13 are liquidation chapters. Indicate whether ...

[xclash]

Chapters 11 and 13 are liquidation chapters.
  Indicate whether the statement is true or false

Question 2

An importer in Germany requests a price quotation from a cotton broker in Memphis. The broker wishes to place the cotton in the hands of a multimodal terminal operator in Memphis for shipment through the port of New Orleans. He will pay the freight charges through to the German seaport, but he wishes the risk of loss to the cotton to pass to the German importer as soon as he places the cotton in the hands of the multimodal terminal operator in Memphis. The broker should quote his prices for the cotton:
 A) CIF Germany.
 B) FOB New Orleans.
 C) CPT New Orleans.
 D) Ex Factory.
 E)None of the above.

[bookworm410]

Answer to Question 1

FALSE

Answer to Question 2

C

[xclash]

Thanks for the timely response, appreciate it

[Laurenleakan]

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