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