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APICS CLTD Exam - Topic 1 Question 100 Discussion

Actual exam question for APICS's CLTD exam
Question #: 100
Topic #: 1
[All CLTD Questions]

Which of the following rules specifies whether the importer or exporter is responsible for insuring cargo?

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Suggested Answer: A

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Margot
2 months ago
I was surprised to learn that too, but Incoterms really do clarify it!
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Catalina
2 months ago
Nah, it's all about Incoterms, no doubt there.
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Annamae
2 months ago
It's definitely the Incoterms rule that covers insurance responsibilities.
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Paola
3 months ago
Totally agree, Incoterms are key for that!
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Karol
3 months ago
Wait, are you sure? I thought it was the Shipper's rule.
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Josephine
3 months ago
I feel like the Shipper's rule could be a possibility, but I also remember Incoterms being the main reference for these kinds of questions.
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Jacki
3 months ago
I’m a bit confused about this one. I thought the WTO had some guidelines, but I can't recall if they specifically cover insurance responsibilities.
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Stefania
4 months ago
I remember practicing a question similar to this, and I think the answer was related to Incoterms too. It defines who pays for insurance, right?
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Dorsey
4 months ago
I think it might be the Incoterms rule, but I'm not completely sure. We covered it in class, and it seemed important for shipping responsibilities.
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Fredric
4 months ago
Okay, I've got this. Incoterms are the internationally recognized commercial terms that cover things like cargo insurance responsibility. That's the rule I'm going with.
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Dewitt
4 months ago
I'm a bit confused by the options - I don't recognize Lloyds of London or the Shipper's rule as standard trade terms. I'll have to narrow it down.
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Jenise
4 months ago
Incoterms definitely sound like the right answer here. I remember learning about how they specify responsibilities like cargo insurance.
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Joseph
5 months ago
Hmm, I'm not totally sure about this one. I'll need to think through the different international trade organizations and rules.
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Victor
5 months ago
I'm pretty sure this is an Incoterms question, so I'll focus on reviewing those rules.
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Evette
9 months ago
Incoterms rule, of course! It's like the UN of international trade terms - you can't go wrong with that.
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Denise
10 months ago
The Shipper's rule? Sounds like something my grandpa would make up. I'm going with the Incoterms, it's the only one that makes sense here.
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Teri
8 months ago
Yeah, the Shipper's rule does sound a bit old-fashioned. Incoterms rule seems like the right choice.
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Margo
9 months ago
I agree, the Incoterms rule is the most relevant one in this case.
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Jose
9 months ago
I think the Incoterms rule is the one that specifies who is responsible for insuring the cargo.
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Cyndy
10 months ago
Hmm, I thought the Lloyds of London rule was for insuring ships, not cargo. But maybe they have a special cargo insurance rule too, who knows?
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Donte
8 months ago
Actually, Lloyds of London does have rules for insuring cargo as well.
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Felix
8 months ago
B) Lloyds of London rule
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Salina
9 months ago
C) Incoterms rule
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Kris
9 months ago
I think the Incoterms rule specifies who is responsible for insuring cargo.
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Moon
9 months ago
B) Lloyds of London rule
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Emelda
9 months ago
C) Incoterms rule
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Leoma
9 months ago
A) World Trade Organization (WTO) rule
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Eva
9 months ago
A) World Trade Organization (WTO) rule
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Queenie
10 months ago
C) Incoterms rule - that's the one I remember from my logistics class. It's like the secret code of global shipping.
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Shelia
10 months ago
The Incoterms rule definitely covers this. It's like the Bible of international trade terms, you know?
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Shalon
11 months ago
I'm not sure, but I think it might be D) Shipper's rule.
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Kiera
11 months ago
I agree with Samira. Incoterms rule specifies who is responsible for insuring cargo.
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Samira
11 months ago
I think the answer is C) Incoterms rule.
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