APICS Exam CLTD 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?

AWorld Trade Organization (WTO) rule

BLloyds of London rule

CIncoterms rule

DShipper's rule

Show Suggested Answer

Suggested Answer: A

by Florinda at Apr 03, 2025, 06:21 PM

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Evette

2 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

2 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

1 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

2 months ago

I agree, the Incoterms rule is the most relevant one in this case.

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Jose

2 months ago

I think the Incoterms rule is the one that specifies who is responsible for insuring the cargo.

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Cyndy

3 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

1 months ago

Actually, Lloyds of London does have rules for insuring cargo as well.

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Felix

1 months ago

B) Lloyds of London rule

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Salina

1 months ago

C) Incoterms rule

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Kris

1 months ago

I think the Incoterms rule specifies who is responsible for insuring cargo.

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Moon

2 months ago

B) Lloyds of London rule

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Emelda

2 months ago

C) Incoterms rule

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Leoma

2 months ago

A) World Trade Organization (WTO) rule

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Eva

2 months ago

A) World Trade Organization (WTO) rule

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Queenie

3 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

3 months ago

The Incoterms rule definitely covers this. It's like the Bible of international trade terms, you know?

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Shalon

3 months ago

I'm not sure, but I think it might be D) Shipper's rule.

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Kiera

4 months ago

I agree with Samira. Incoterms rule specifies who is responsible for insuring cargo.

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Samira

4 months ago

I think the answer is C) Incoterms rule.

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