INCOERMS are not important in shipping.

INCOTERMS should be updated every 20 years

Negotiations between seller and buyer is the last step in the typical transaction of international sale

A charter party and the bill of lading are two forms of contract of affreightment.

Payment,delivery and quality are all risk in an international transaction. The sales contract manages these risks.

The bill of lading consist of only the shipper's name and the destination of the cargo

There is only one type of bill of lading.

The Hauge rule states that the contract of carriage means a contract in which a carrier against the payment of freight,undertakes to carry goods from one place to another .the contract shall provide for carriage by other modes of transportation in addition to the sea carriage

Transshipment is the movement of cargo from point of origin to the container yard.

Intermodal and multimodal are the same thing.