Test your basic knowledge |

Ocean Freight

Subject : business-skills
Instructions:
  • Answer 17 questions in 15 minutes.
  • If you are not ready to take this test, you can study here.
  • Match each statement with the correct term.
  • Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. The title of a standard clause found in marine contracts exempting the parties for non-fulfillment of their obligations by reasons of occurrences beyond their control - such as earthquakes - floods - or war.






2. Term normally used in ocean freight rate negotiations referring to the equivalent of two twenty foot ocean containers.






3. Insurance issued by marine underwriters against war-like operations specifically described in the policy. In former times - war risk insurance was taken out only in times of war - but currently many exporters cover most of their shipments with war






4. A transportation line which hauls export or import cargo between ports and inland points






5. A group of vessel operators joined together for the purpose of establishing freight rates.






6. The transfer of a shipment from one carrier to another in international trade - most frequently from one ship to another. Because the unloading and reloading of delicate merchandise may cause damage - transshipments are avoided whenever possible.






7. A certificate issued by an exporting countries' Department of Agriculture indicating that a shipment has been inspected and is free of harmful pests and plant diseases.






8. A general term for any listing of rates or charges. The tariffs most frequently encountered in foreign trade are: tariffs of international transportation companies operating on sea - land - and in the air; tariffs of international cable - radio -






9. The term CFS at loading port means the location designated by carriers for the receiving of cargo to be loaded into containers by the carrier. At discharge or destination ports - the term CFS means the bonded location designated by carriers for deva






10. The broadest form of coverage available - providing protection against all risk of physical loss or damage from any external cause. Does not cover loss or damage due to delay - inherent vice - inadequate packaging - or loss of market.






11. A list of the goods being transported by a carrier.






12. A receipt of commodities deposited in a warehouse identifying the commodities deposited. It is non-negotiable if permitting delivery only to a specified person or firm - but it is negotiable if made out to the order of a person or firm or to a beare






13. A vessel that connects with a line vessel to service a port not directly served by that line vessel.






14. Term normally used in ocean freight rate negotiations referring to the equivalent of two twenty foot ocean containers.






15. A vessel designed to handle large or oversized cargo; generally cargo unsuitable for container stowage.






16. An insurance term meaning that partial loss or damage of goods is insured. The damage generally must be caused by sea water - and many terms specify a minimum percentage of damage before payment. It may be extended to cover loss by theft - pilferag






17. A method of shipping whereby an agent (freight forwarder or consolidator) combines individual consignments from various shippers into one shipment made to a destination agent - for the benefit of preferential rates. (Also called "groupage") The cons