Introduction To Freight Forwarding! Trivia Quiz
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Whi is known as the first freight forwarder?
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Marx and Co
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Thomas Marx and Co
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Thomas Meedows and Company
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Thomas Edison
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When you drop a package at the post office or even drop it at DHL, do you know what happens next? When a cousin or a loved one tells you they've received your gifts for Christmas in record time even though they live far away in another part of the world, are you aware of all the steps needed for See morethis loved one to receive your gift? If you do take our quiz and see if you can easily pass it.
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When was the first freight forwarding company established?
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In 1835
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In 1842
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In 1836
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In 1840
Correct Answer
A. In 1836Explanation
In 1836, the first freight forwarding company was established. This indicates that prior to this year, there were no companies specifically dedicated to organizing and managing the transportation of goods. The establishment of the first freight forwarding company in 1836 marked the beginning of a new era in logistics and paved the way for the development of the modern freight forwarding industry.Rate this question:
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- 3.
What was the original function of forwarders?
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To arrange for carriage by contracting with various carriers.
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To arrange contracting with various carriers.
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To arrange for carriage with various carriers.
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For carriage by contracting with various carriers.
Correct Answer
A. To arrange for carriage by contracting with various carriers.Explanation
The original function of forwarders was to arrange for carriage by contracting with various carriers. This means that forwarders were responsible for coordinating and organizing the transportation of goods by entering into agreements with different carriers. They would negotiate the terms and conditions of transportation, including the mode of transport, routes, and pricing, on behalf of their clients. This allowed businesses to efficiently ship their products by utilizing the expertise and network of the forwarders to find the most suitable carriers for their needs.Rate this question:
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- 4.
Where are ocean freight charges paid at?
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At the port of discharge
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At the port of loading
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Once it lives its original port
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One month after it has been expedited
Correct Answer
A. At the port of dischargeExplanation
Ocean freight charges are paid at the port of discharge. This is because the port of discharge is where the goods are unloaded from the ship and cleared through customs. Once the goods have reached their destination port, the consignee or importer is responsible for paying the freight charges to the shipping line or freight forwarder. The payment is made before the goods are released to the consignee for further transportation or distribution.Rate this question:
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- 5.
Who pays for the Ocean freight charges?
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Customs
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The government
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The exporter
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The importer
Correct Answer
A. The importerExplanation
The importer pays for the ocean freight charges. When goods are shipped from one country to another, the importer is responsible for arranging and paying for the transportation of the goods. This includes the costs associated with ocean freight charges, which cover the transportation of the goods by sea. The importer is also responsible for any additional charges such as customs duties and taxes that may be incurred during the importation process.Rate this question:
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- 6.
What is the CFR?
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Cost and Francs
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Cobalt and Freight
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Cost and Freight
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Cost and fare
Correct Answer
A. Cost and FreightExplanation
The correct answer is "Cost and Freight". CFR is an international trade term used to define the responsibilities and costs associated with the delivery of goods from the seller to the buyer. It indicates that the seller is responsible for the costs of transportation and delivery of the goods to a named destination port, while the buyer is responsible for the costs and risks after the goods have been delivered onto the vessel.Rate this question:
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- 7.
What is FOB?
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Free and Board
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Fire on Board
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Fare on Board
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Fair on Board
Correct Answer
A. Free and BoardExplanation
FOB stands for "Free On Board." It is a term used in international trade to indicate that the seller is responsible for the cost and risk of delivering goods to a specific destination. Once the goods are loaded onto the ship or other mode of transportation, the responsibility transfers to the buyer. Therefore, the correct answer is "Free and Board."Rate this question:
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- 8.
What is the other term for International Commercial term?
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Oterm
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Elcoterm
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Ecoterm
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Incoterm
Correct Answer
A. IncotermExplanation
Incoterm is the correct answer because it is the commonly used abbreviation for International Commercial Terms. These terms are a set of rules and guidelines that define the responsibilities and obligations of buyers and sellers in international trade transactions. They specify who is responsible for the costs, risks, and logistics of transporting goods from one country to another. Incoterms are widely recognized and used in international trade to ensure clarity and consistency in business transactions.Rate this question:
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- 9.
How is a freight forwarder called in Australia?
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A customs agents
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A clearance agents
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A customs clearance agents
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An agent
Correct Answer
A. A customs clearance agentsExplanation
In Australia, a freight forwarder is referred to as a customs clearance agent. This term specifically highlights the role of the freight forwarder in assisting with customs clearance procedures for imported or exported goods. The customs clearance agent is responsible for ensuring that all necessary documentation and compliance requirements are met, facilitating the smooth movement of goods through customs.Rate this question:
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- 10.
When has freight forwarding started in Nigeria?
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In 1925
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In 1920
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In 1917
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In 1914
Correct Answer
A. In 1914Explanation
Freight forwarding started in Nigeria in 1914. This indicates that the transportation and logistics industry in Nigeria has a long history, dating back over a century. The establishment of freight forwarding services in 1914 suggests that there was a need for organized and efficient transportation of goods in the country at that time. This answer implies that Nigeria has been involved in international trade and commerce for a significant period, highlighting the country's economic development and engagement with the global market.Rate this question:
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Current Version
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Mar 21, 2023Quiz Edited by
ProProfs Editorial Team -
Aug 14, 2019Quiz Created by
Anouchka
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