1. What are 5 steps in negotiating delivery?

2. When must delivery take place?

3. What is the place of delivery?

4. Why is location important?

5. Why is transportation important?

6. What are modes of transportation?

7. Where is the risk often passed from the exporter to the importer?

8. Where does transfer of ownership take place?

9. How many kinds of delay in delivery?

10.What is excused delay?

11.What events does delivery date trigger?

12.How to fix delivery date?

13. When does the contract come into force?

14. When is a contract binding?

15.When is a contract binding and effective?

16.In what kind of contract is a cut-off date set?

17.How does the date of coming into affect the delivery date?

18.What is the grace period?

19.What is the grace period used for?

20.What can parties do if the force majuere events continue too long?

21.What are the 3 outcomes of FM?

22.What are the two remedies given to the Buyer for any unexcused delay?
23.Which law prefers to award damages?

24.Which law enforces performance?

25.What questions do the courts ask in setting a figure for compensatory

damages for late delivery?

26.What are liquidated damages?

27.What are penalties?

28.Explain the differences between liquidated damages and penalties

29.What is quasi-indemnity?

30.What notation must a Marine Bill of Lading bear?

31.How can a marine bill of lading be made into a negotiable document?

32.What are clean shipping documents?

33.What aspects of the goods does the carrier ( the transportation company)
inspect?

34.What defects does the carrier note on the face of the bill of lading or other
shipping documents?

35.Which player (exporter or buyer) is responsible for arranging insurance

cover

36.Name types of insurance policy

37.What does a Marine Insurance policy cover?

38. What are 3 variables taken into account when setting up the 13 terms?

39. Identify 4 categories in which the 13 terms are grouped

40.What are main functions of ocean BL?

41.What are requirement of BL when payment is made by LC?