CMC CMC Storage & Warehousing Services 2 — Questions and Answers
Question 1: What is the term for storage where the moving company charges a monthly fee and the customer's goods remain indefinitely?
- Permanent storage (Correct answer)
- Storage-in-transit
- Vault storage
- Self-storage
Correct answer: Permanent storage
Permanent storage has no defined end date and is billed on a monthly or annual basis for long-term warehousing of customer goods.
Question 2: Which storage method places an individual customer's goods in a sealed wooden container within a larger warehouse?
- Vault storage (Correct answer)
- Bulk storage
- SIT storage
- Portable storage
Correct answer: Vault storage
Vault storage isolates a single customer's goods in a sealed wooden vault or container, preventing co-mingling with other shipments.
Question 3: When calculating storage charges, what unit is most commonly used for household goods warehousing?
- Hundredweight (CWT) per month (Correct answer)
- Cubic feet per day
- Pounds per week
- Linear feet per month
Correct answer: Hundredweight (CWT) per month
Storage charges for household goods are typically calculated on a per-hundredweight (CWT) per month basis using the shipment's net weight.
Question 4: A customer requests that the moving company access their stored goods to retrieve a single item. What charge applies?
- Handling or partial delivery charge (Correct answer)
- SIT extension fee
- Inventory update fee
- Release charge
Correct answer: Handling or partial delivery charge
Accessing stored goods for a partial delivery or single-item retrieval incurs a handling or partial delivery charge due to the labor involved.
Question 5: What document serves as the legal receipt for goods accepted into long-term warehouse storage?
- Warehouse receipt (Correct answer)
- Bill of lading
- Order for service
- Inventory sheet
Correct answer: Warehouse receipt
The warehouse receipt is the legal document that serves as both a receipt and a contract between the warehouse operator and the customer for stored goods.
Question 6: Which factor most directly determines the monthly cost of storage for a household goods shipment?
- The net weight of the shipment (Correct answer)
- The number of rooms packed
- The distance of the original move
- The customer's ZIP code
Correct answer: The net weight of the shipment
Monthly storage costs are calculated based on the net weight of the shipment multiplied by the applicable CWT rate.
CMC CMC Storage & Warehousing Services 2
What is the term for storage where the moving company charges a monthly fee and the customer's goods remain indefinitely?