CWLP Shipping and Receiving 3

Question 1

A shipment is labeled 'FOB Destination.' Who bears the risk of loss during transit?

Accepted Answer

The seller bears risk until goods reach the destination

Answer

Under FOB Destination terms, the seller retains title and risk of loss until the goods are delivered to the buyer's specified destination.

Question 2

What information is typically NOT found on a shipping label?

Accepted Answer

Contents value for insurance purposes

Answer

Declared value for insurance is typically found on the shipping documentation rather than the external label, which focuses on routing and identification.

Question 3

In LTL shipping, what does 'freight class' primarily determine?

Accepted Answer

The shipping rate based on density, stowability, and liability

Answer

NMFC freight class (1–500) is used by LTL carriers to standardize pricing based on a commodity's density, handling ease, stowability, and liability.

Question 4

What is the standard practice when receiving a 'short shipment'?

Accepted Answer

Note the shortage on the delivery receipt and file a claim

Answer

A shortage should be clearly noted on the delivery receipt at the time of delivery to establish a record for filing a freight claim with the carrier.

Question 5

Which shipping document is required for international shipments to declare the value of goods for customs?

Accepted Answer

Commercial invoice

Answer

A commercial invoice is required for international shipments and declares the goods' description, quantity, and value for customs duties assessment.

(CWLP) Certified Warehouse and Logistics Professional Practice Test

(CWLP) Certified Warehouse and Logistics Professional Practice Test

CWLP Shipping and Receiving 3