(4) Suez canal Explanation: The Suez Canal allows transportation by water between Europe and Asia without navigation around Africa. The northern terminus is Port Said and the southern terminus is Port Tawfiq at the city of Suez. Ismailia lies on its west bank, 3 km north of the halfway point. Under international treaty, it may be used “in time of war as in time of peace, by every vessel of comimerce or of war, without distinction of flag. By 1955 approximately twothirds of Europe’s oil passed through the canal. About 7.5% of world sea trade is carried via the canal today. In 2008. a total of 21,415 vessels passed through the canal and the receipts from the canal totaled $5.38 1 billion, with the average cost pership at roughly $251,000. World Geography (Set: 02)