Ocean Sea Freight Ocean and Sea Freight Forwarding 3

Question 1

What is a 'Telex Release' (also called Surrender B/L) in ocean freight?

Accepted Answer

A method of electronically releasing cargo without a paper original Bill of Lading

Answer

A Telex Release allows cargo to be released at destination without presenting the original Bill of Lading, by surrendering it at origin and notifying the destination agent.

Question 2

What does 'CFS' stand for in the context of ocean freight LCL shipments?

Accepted Answer

Container Freight Station

Answer

A Container Freight Station (CFS) is a facility where LCL cargo is consolidated into containers or de-consolidated upon arrival.

Question 3

Which surcharge compensates ocean carriers for fluctuating fuel costs?

Accepted Answer

BAF (Bunker Adjustment Factor)

Answer

The Bunker Adjustment Factor (BAF), also called Fuel Surcharge, is added to freight rates to offset volatile bunker fuel prices.

Question 4

An ocean shipment arrives with visible damage to the container. What should the consignee do first?

Accepted Answer

Note the damage as an exception on the delivery receipt before signing

Answer

Noting exceptions on the delivery receipt before signing is essential to preserve the right to file a cargo claim against the carrier.

Question 5

What is the standard container size most commonly used in global ocean freight?

Accepted Answer

40-foot standard

Answer

The 40-foot standard dry container is the most widely used container size in international ocean freight globally.

Ocean Sea Freight Practice Test

Ocean Sea Freight Practice Test

Ocean Sea Freight Ocean and Sea Freight Forwarding 3