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Test your basic knowledge |
Ocean Freight
Start Test
Study First
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 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.
Warehouse Receipt
Break-bulk Vessel
Manifest
All-Risk Insurance
2. 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
Force Majeure
Break-bulk Vessel
Conference
War Risk Insurance
3. A vessel that connects with a line vessel to service a port not directly served by that line vessel.
Inland Carrier
Feeder Vessel
Phytosanitary Inspection Certificate
Break-bulk Vessel
4. 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
Consolidated Shipment
CFS (Container Freight Station)
Inland Carrier
Warehouse Receipt
5. A transportation line which hauls export or import cargo between ports and inland points
CFS (Container Freight Station)
Phytosanitary Inspection Certificate
Inland Carrier
Conference
6. A list of the goods being transported by a carrier.
Manifest
Conference
With Particular Average (WPA)
FEU (Forty foot equivalent)
7. A vessel designed to handle large or oversized cargo; generally cargo unsuitable for container stowage.
Break-bulk Vessel
All-Risk Insurance
Transshipment
Conference
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
With Particular Average (WPA)
All-Risk Insurance
Conference
Warehouse Receipt
9. 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
With Particular Average (WPA)
Warehouse Receipt
Manifest
Feeder Vessel
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
Consolidated Shipment
Break-bulk Vessel
Force Majeure
All-Risk Insurance
11. A group of vessel operators joined together for the purpose of establishing freight rates.
CFS (Container Freight Station)
Force Majeure
FEU (Forty foot equivalent)
Conference
12. 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.
Consolidated Shipment
Transshipment
Force Majeure
CFS (Container Freight Station)
13. 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 -
Inland Carrier
Feeder Vessel
Tariff
Warehouse Receipt
14. Term normally used in ocean freight rate negotiations referring to the equivalent of two twenty foot ocean containers.
All-Risk Insurance
Conference
FEU (Forty foot equivalent)
Transshipment
15. Term normally used in ocean freight rate negotiations referring to the equivalent of two twenty foot ocean containers.
All-Risk Insurance
Manifest
FEU (Forty foot equivalent)
Warehouse Receipt
16. 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.
Tariff
Force Majeure
All-Risk Insurance
With Particular Average (WPA)
17. 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.
Conference
Transshipment
Warehouse Receipt
Phytosanitary Inspection Certificate