What Do You Know About Freight Forwarding? Trivia Quiz

The correct answer is The British International Freight Association. BIFA is an abbreviation for The British International Freight Association, which is a trade association representing the UK's freight forwarding and logistics industry. They provide support and guidance to their members, as well as promoting best practices and industry standards.

CFR stands for Cost and Freight. It is a trade term used in international shipping contracts, indicating that the seller is responsible for the cost of the goods and the freight charges to bring the goods to the agreed-upon destination. This means that the seller covers the cost of transportation, including loading the goods onto the ship, while the buyer is responsible for any additional costs and risks once the goods are on board.

PIFFA, the Pakistan International Freight Forwarders Association, manages a significant number of forwarding companies in Pakistan. The statement "More than 500" implies that there are more than 500 forwarding companies managed by PIFFA in the country.

In 1948, Canada established the CIFFA. This indicates that the CIFFA was established as an organization in that particular year.

In 1836, the first freight forwarding company was established. This means that prior to this year, there were no companies specifically dedicated to the transportation and logistics of goods. The establishment of this company marked the beginning of a new industry, where businesses could rely on specialized services to transport their goods efficiently and effectively.

The correct answer is the Importer. In general, the Importer is responsible for paying the ocean freight charges. This includes the cost of transporting goods by sea from the port of export to the port of entry. The Importer usually arranges and pays for the shipping services, which can include freight charges, customs duties, and other related fees.

The British International Freight Association counts 1500 corporate members.

Freight forwarding began in Nigeria in 1914. This indicates that the practice of organizing and arranging the transportation of goods and cargo started in Nigeria during that year.

In Australia, freight forwarders are referred to as Customs Clearance Agents. This means that these professionals are responsible for handling the necessary paperwork and procedures required for the customs clearance of goods entering or leaving the country. They ensure that all legal and regulatory requirements are met, including the payment of duties and taxes. This term is specific to Australia and may vary in other countries.

The FFFAI currently employs 110,000 people.