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Ocean and Sea Freight Forwarding Flashcards

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  1. What is the 'ISF' (Importer Security Filing) requirement for US-bound ocean shipments?

    Answer: A '10+2' data filing required at least 24 hours before cargo is loaded at the foreign port

    ISF (10+2) requires importers to submit 10 data elements to CBP at least 24 hours before ocean cargo is loaded onto a vessel destined for the US.

  2. What is a 'Notify Party' on a Bill of Lading?

    Answer: The party the carrier notifies upon arrival of the vessel at the destination port

    The Notify Party is the entity listed on the B/L that the carrier or its agent will contact when the shipment arrives at the destination port.

  3. What distinguishes a 'Straight Bill of Lading' from a 'To Order Bill of Lading'?

    Answer: A Straight B/L names a specific consignee and is non-negotiable; a To Order B/L is negotiable

    A Straight B/L is non-negotiable and names a specific consignee, while a To Order B/L is negotiable and can be endorsed to transfer ownership of cargo.

  4. What is the 'AMS' (Automated Manifest System) filing requirement for ocean shipments to the US?

    Answer: A CBP pre-arrival reporting requirement for vessel manifests, due 24 hours before departure from the last foreign port

    AMS requires ocean carriers to electronically submit cargo manifest data to CBP at least 24 hours before departure from the last foreign port of call.

  5. A shipper wants to ship temperature-sensitive pharmaceuticals by ocean. Which container type should they request?

    Answer: Reefer (refrigerated) container

    Reefer containers are refrigerated units capable of maintaining precise temperature ranges, making them essential for pharmaceuticals, perishables, and other temperature-sensitive cargo.

  6. What is 'dead freight' in ocean shipping?

    Answer: The freight charge paid for space booked but not used by the shipper

    Dead freight is the compensation paid to a carrier when a shipper books container space but fails to fill it, covering the carrier's lost revenue.

  7. Which international convention governs liability for ocean carriers under most modern shipping contracts?

    Answer: The Hague-Visby Rules (amended Hague Rules)

    The Hague-Visby Rules (1968 protocol amending the 1924 Hague Rules) is the most widely adopted international convention governing ocean carrier liability for cargo loss or damage.