Supply Chain and Logistics Transportation and Freight 3

Question 1

What is a TMS in logistics operations?

Accepted Answer

Transportation Management System

Answer

Total Margin Summary

Answer

Terminal Monitoring Service

Answer

Tariff Management Schedule

Question 2

Which shipping term means the seller bears all costs and risks until goods are delivered to the buyer's named place?

Accepted Answer

DDP

Answer

EXW

Answer

FCA

Answer

CPT

Question 3

What does 'drayage' refer to in intermodal shipping?

Accepted Answer

Short-distance truck transport of containers between port and rail ramp

Answer

Long-haul ocean transit

Answer

Air cargo handling fee

Answer

Bonded warehouse storage

Question 4

What does 'carrier liability' mean in freight transportation?

Accepted Answer

The legal responsibility of a carrier for loss or damage to freight in its possession

Answer

The shipper's responsibility for packing goods properly

Answer

Insurance coverage paid by the consignee

Answer

A surcharge for hazardous materials

Question 5

What is a load factor in air cargo operations?

Accepted Answer

Ratio of cargo weight carried to maximum capacity

Answer

Number of stops per flight

Answer

Fuel cost per kilogram

Answer

Customs duty rate

Question 6

What is a demurrage charge in shipping?

Accepted Answer

Penalty assessed when a shipper holds a container beyond the free period at a port or terminal

Answer

Fee for early delivery of containers

Answer

Surcharge for oversized cargo

Answer

Cost of repackaging damaged goods