Ocean and Sea Freight Forwarding 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.
Read the first 7 Ocean and Sea Freight Forwarding flashcards as text
What is the 'Shipper's Export Declaration' (SED) / Electronic Export Information (EEI) used for?
Answer: To report export shipment data to the Census Bureau for statistical and export control purposes
The EEI (formerly SED) is filed via AES (Automated Export System) and is required for US exports over $2,500 per schedule B code or requiring an export license.
What is the purpose of a 'Letter of Indemnity' (LOI) in ocean shipping?
Answer: To allow cargo release without original Bills of Lading, with a financial guarantee
An LOI is a guarantee document provided to the carrier to release cargo without the original B/L, indemnifying the carrier against any loss arising from early release.
What does 'Ro-Ro' (Roll-on/Roll-off) describe in ocean freight?
Answer: A vessel type where wheeled cargo drives on and off under its own power
Ro-Ro vessels are designed for wheeled cargo such as cars, trucks, and heavy machinery, which drive on and off the ship via a ramp.
A US importer receives an ocean shipment from China. Which US government agency primarily regulates the import entry process?
Answer: CBP (Customs and Border Protection)
US Customs and Border Protection (CBP) is the primary agency responsible for processing import entries and enforcing import regulations.
What is the 'Carrier's Hague-Visby Rules' liability limit per package in international ocean shipping?
Answer: 666.67 SDR per package or 2 SDR per kg, whichever is higher
Under the Hague-Visby Rules, carrier liability is limited to 666.67 SDR per package or 2 SDR per kg of gross weight lost or damaged, whichever is higher.
What is 'free time' in ocean freight container terminology?
Answer: The number of days a shipper can keep a container at the terminal without incurring demurrage or detention fees
Free time is the number of days granted to the shipper or consignee to pick up (or return) a container before demurrage or detention charges begin.
Which document certifies the country where goods were manufactured, often required by customs at destination?
Answer: Certificate of Origin
The Certificate of Origin (CO) certifies where goods were manufactured and is used to determine applicable duty rates and trade agreement eligibility.