International Shipping & Logistics Management Flashcards

What is the role of a Customs Broker in US export and import transactions?

Answer: To prepare and file customs documentation on behalf of importers/exporters

A licensed customs broker is authorized to prepare and file US Customs documentation, classify goods, and interact with CBP on behalf of clients.

Which US government agency must exporters file the Electronic Export Information (EEI) with through the Automated Export System (AES)?

Answer: US Census Bureau

The EEI is filed through AES with the US Census Bureau, which uses the data for trade statistics, though CBP and BIS also use the information.

What is demurrage in international shipping?

Answer: Charges assessed for keeping a container beyond the allowed free time at a terminal

Demurrage is a penalty charge assessed by the carrier when a shipper or consignee fails to pick up or return a container within the agreed free time period.

A shipper sends hazardous materials by ocean. Which international code governs the safe transport of these goods?

Answer: IMDG Code (International Maritime Dangerous Goods)

The IMDG Code, published by the IMO, establishes international standards for the safe transport of hazardous materials by sea.

What is the difference between 'port of loading' and 'port of discharge' on a bill of lading?

Answer: Port of loading is where cargo is received; port of discharge is where cargo is unloaded from the vessel

The port of loading is where goods are loaded onto the vessel, while the port of discharge is the destination port where goods are unloaded from the vessel.

What does a 'clean' bill of lading indicate?

Answer: The carrier received the goods in apparent good order without noted exceptions

A clean bill of lading means the carrier received the goods in apparent good order and condition, with no notations about damage or discrepancies.

Which shipping term means the seller delivers goods to a named terminal at the destination port, with import clearance the buyer's responsibility?

Answer: DAT (Delivered at Terminal) / DPU

Under DAT/DPU (Delivered at Place Unloaded), the seller delivers goods unloaded at the named terminal, but import clearance and duties remain the buyer's obligation.