Logistics & Shipping Procedures Flashcards
7 cards from real CES practice questions. Tap to flip, then mark Knew It or Still Learning โ missed cards come back until you master them.
Read the first 7 Logistics & Shipping Procedures flashcards as text
Which document serves as both a receipt for goods and a contract of carriage when shipping by ocean freight?
Answer: Bill of Lading
The Bill of Lading (B/L) serves as a receipt for goods, a contract of carriage between shipper and carrier, and a document of title.
An Incoterm that requires the seller to deliver goods cleared for export and loaded onto the buyer's carrier at the named place is:
Answer: FCA (Free Carrier)
Under FCA, the seller delivers goods, cleared for export, to the carrier nominated by the buyer at the named place.
What is the primary purpose of a Shipper's Export Declaration (SED) or its electronic equivalent EEI?
Answer: To provide statistical data and export control compliance information to the U.S. government
The Electronic Export Information (EEI) filed in AES provides the U.S. Census Bureau with export statistics and enables export control enforcement.
A 'negotiate' instruction on a Letter of Credit means the nominated bank will:
Answer: Purchase or advance funds against complying documents presented by the beneficiary
Negotiation under a Letter of Credit involves the nominated bank purchasing complying documents, effectively advancing funds to the beneficiary.
Which type of container is specifically designed for transporting refrigerated or frozen cargo?
Answer: Reefer container
Reefer containers are temperature-controlled units used to transport perishable goods requiring refrigeration or freezing.
Under CIF (Cost, Insurance, and Freight) Incoterms, risk transfers from seller to buyer at:
Answer: The port of origin when goods are loaded on board the vessel
Under CIF, risk transfers to the buyer when goods are placed on board the vessel at the port of shipment, even though the seller pays freight and insurance to destination.
What is a 'through bill of lading' used for in international shipping?
Answer: Covering the entire journey including multiple modes of transport under a single document
A through bill of lading covers the entire transportation journey from origin to final destination, encompassing multiple carriers or modes of transport.