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. 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






2. 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.






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






4. 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






5. 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.






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






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






8. 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






9. 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.






10. 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






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






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






13. 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.






14. 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 -






15. 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






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






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







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