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Ocean and Sea Freight Basic Flashcards

7 cards from real Ocean Sea Freight practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

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  1. What is a 'surrender bill of lading'?

    Answer: An original bill of lading surrendered at origin so the consignee can receive cargo without presenting the original at destination

    A surrendered bill of lading allows the carrier to release cargo to the consignee at destination without requiring the original document, speeding up delivery.

  2. What does 'LCL' stand for and what does it mean?

    Answer: Less than Container Load — cargo consolidated with other shippers' goods in one container

    LCL (Less than Container Load) means a shipper's cargo is too small to fill an entire container, so it is consolidated with other shipments.

  3. Which party is responsible for preparing the cargo for export and inland transport under EXW (Ex Works)?

    Answer: The buyer/importer

    Under EXW, the seller's obligation ends at their premises; the buyer assumes all costs and risks from that point, including export clearance and ocean freight.

  4. What is a 'vessel schedule' used for in ocean freight planning?

    Answer: Planning shipments based on published departure and arrival dates of ocean carriers

    Vessel schedules list planned departure (ETD) and arrival (ETA) dates, helping shippers coordinate cargo readiness and delivery timelines.

  5. What is 'cargo insurance' in ocean freight and why is it important?

    Answer: A policy that compensates the cargo owner if goods are lost or damaged during transit

    Cargo insurance protects the shipper or consignee financially against loss or damage during ocean transit, as carrier liability is typically limited.

  6. What does 'THC' stand for in ocean freight charges?

    Answer: Terminal Handling Charges

    Terminal Handling Charges (THC) are fees levied by the port/terminal for the handling of containers at the port, typically charged at both origin and destination.

  7. What is the standard length of the most commonly used ISO shipping container?

    Answer: 40 feet

    The 40-foot container is the most widely used standard ISO container globally, though 20-foot containers (TEUs) are the unit of measurement.