CES Logistics & Shipping Procedures 2

Question 1

Which document serves as both a receipt for goods and a contract of carriage when shipping by ocean freight?

Accepted Answer

Bill of Lading

Answer

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.

Question 2

An Incoterm that requires the seller to deliver goods cleared for export and loaded onto the buyer's carrier at the named place is:

Accepted Answer

FCA (Free Carrier)

Answer

Under FCA, the seller delivers goods, cleared for export, to the carrier nominated by the buyer at the named place.

Question 3

What is the primary purpose of a Shipper's Export Declaration (SED) or its electronic equivalent EEI?

Accepted Answer

To provide statistical data and export control compliance information to the U.S. government

Answer

The Electronic Export Information (EEI) filed in AES provides the U.S. Census Bureau with export statistics and enables export control enforcement.

Question 4

A 'negotiate' instruction on a Letter of Credit means the nominated bank will:

Accepted Answer

Purchase or advance funds against complying documents presented by the beneficiary

Answer

Negotiation under a Letter of Credit involves the nominated bank purchasing complying documents, effectively advancing funds to the beneficiary.

Question 5

Which type of container is specifically designed for transporting refrigerated or frozen cargo?

Accepted Answer

Reefer container

Answer

Reefer containers are temperature-controlled units used to transport perishable goods requiring refrigeration or freezing.

(CES) Certified Export Specialist Practice Test