Agent Network And Trade Lanes Assessment

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| By Gawaine Ward

Gawaine Ward

Community Contributor

Quizzes Created: 9 | Total Attempts: 3,557

Questions: 10 | Attempts: 69 | Updated: Jul 31, 2023

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Questions and Answers

1.

Select three (3) things Deringer looks for when identifying a trade lane?
- A.
  
  Growth Potential
- B.
  
  Security
- C.
  
  Sustainability
- D.
  
  Compliant environment
- E.
  
  Safety
- F.
  
  Robust Agent Network
Correct Answer(s)
B. Security
D. Compliant environment
E. Safety

Explanation
Deringer looks for security, a compliant environment, and safety when identifying a trade lane. These factors are important for ensuring the protection of goods and minimizing risks during transportation. Security measures help to prevent theft and unauthorized access to cargo, while a compliant environment ensures adherence to regulations and legal requirements. Safety considerations are crucial for safeguarding the well-being of personnel and preventing accidents or damage to goods. By prioritizing these aspects, Deringer can establish trade lanes that prioritize the protection and smooth flow of goods.

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2.

When Deringer is vetting an overseas agent they look at the following: (Select all that apply)
- A.
  
  Operations
- B.
  
  Sales
- C.
  
  Capabilities
- D.
  
  Anti-corruption practices
- E.
  
  C-TPAT
- F.
  
  Finances
- G.
  
  Compliance
- H.
  
  All of the above
Correct Answer
H. All of the above

Explanation
Deringer looks at multiple factors when vetting an overseas agent, including their operations, sales, capabilities, anti-corruption practices, C-TPAT (Customs-Trade Partnership Against Terrorism) compliance, finances, and overall compliance. By considering all of these aspects, Deringer ensures that the agent meets their standards and requirements in various areas, such as legal and financial compliance, operational efficiency, and adherence to anti-corruption practices.

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3.

What are the two largest trade lanes that Deringer is involved with?
- A.
  
  Middle East - USA
- B.
  
  Latin America and Caribbean
- C.
  
  Europe - USA
- D.
  
  Asia - USA
Correct Answer(s)
C. Europe - USA
D. Asia - USA

Explanation
Deringer is involved in the two largest trade lanes between Europe and the USA and Asia and the USA. These trade lanes represent significant economic activity and trade between these regions. Deringer likely has a strong presence and expertise in facilitating trade and logistics between these regions, which contributes to their involvement in these trade lanes.

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4.

The International Freight & Logistics Network (IFLN) does partial vetting of Deringer agents.
- A.
  
  True
- B.
  
  False
Correct Answer
A. True

Explanation
The International Freight & Logistics Network (IFLN) conducts partial vetting of Deringer agents. This suggests that while the IFLN does perform some level of screening or evaluation of Deringer agents, it may not be a comprehensive or exhaustive process. Therefore, the statement is true.

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5.

Deringer's overseas agents are considered our
- A.
  
  Overseas Sales Reps
- B.
  
  Partners
- C.
  
  Affiliates
- D.
  
  Consultants
Correct Answer
B. Partners

Explanation
Deringer's overseas agents are referred to as "partners" because they work closely with the company to promote and sell their products or services in foreign markets. These agents collaborate with Deringer and share a mutual interest in achieving sales and business growth. They are likely to have a long-term relationship with Deringer and are considered as trusted allies in expanding the company's international presence.

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6.

For Deringer, there is no International Logistics possible without the involvement of an overseas agent.
- A.
  
  True
- B.
  
  False
Correct Answer
A. True

Explanation
The statement suggests that for Deringer, an international logistics operation cannot be carried out without the assistance of an overseas agent. This implies that Deringer relies heavily on the services and expertise of overseas agents to facilitate their international logistics activities. Therefore, the correct answer is true.

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7.

Deringer and our Overseas Agents have a responsibility to one another to (Select all that apply)
- A.
  
  Identify potential clients
- B.
  
  Create sales leads and respond to them in a timely manner
- C.
  
  Provide the service of excellence to all our mutual clients
- D.
  
  Make and share profits fairly
- E.
  
  Handle each shipment in the most professional and compliant manner.
- F.
  
  Ensure payments are timely
- G.
  
  All of the above
- H.
  
  None of the above
Correct Answer
G. All of the above

Explanation
Deringer and our Overseas Agents have a mutual responsibility to each other, which includes identifying potential clients, creating sales leads, and responding to them promptly. They also have a responsibility to provide excellent service to all their mutual clients, ensuring that each shipment is handled professionally and in compliance with regulations. Additionally, they are expected to make and share profits fairly and ensure timely payments. Therefore, all of the above statements are correct.

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8.

Deringer tries to use NVOCCs only to Co Load LCL Cargo whenever it is necessary.
- A.
  
  True
- B.
  
  False
Correct Answer
A. True

Explanation
The statement suggests that Deringer prefers to use NVOCCs (Non-Vessel Operating Common Carriers) specifically for co-loading Less than Container Load (LCL) cargo when it is required. This means that Deringer utilizes NVOCCs for consolidating multiple LCL shipments into a single container, which can help reduce costs and optimize transportation efficiency. Therefore, the given answer "True" is correct as it aligns with the statement provided.

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9.

Deringer had defined a process to only use Approved Overseas Agents for IFF or an Agent that has been approved by the Director of Transportation.
- A.
  
  True
- B.
  
  False
Correct Answer
A. True

Explanation
The statement is true because Deringer has established a process that requires the use of only Approved Overseas Agents for IFF (International Freight Forwarding) or an Agent that has been approved by the Director of Transportation. This means that Deringer has specific criteria and standards in place for selecting and working with overseas agents, ensuring that they meet the necessary qualifications and have been approved by the appropriate authority.

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10.

In terms of commitment in human, financial and technology resources to the development of International Freight Forwarding, is Deringer ready to face the requirements for oversees Partner / Agents with competitive rates, responsiveness, sales leads and closing business? Please explain:

Agent Network And Trade Lanes Assessment

Select three (3) things Deringer looks for when identifying a trade lane?

When Deringer is vetting an overseas agent they look at the following: (Select all that apply)

What are the two largest trade lanes that Deringer is involved with?

The International Freight & Logistics Network (IFLN) does partial vetting of Deringer agents.

Deringer's overseas agents are considered our

For Deringer, there is no International Logistics possible without the involvement of an overseas agent.

Deringer and our Overseas Agents have a responsibility to one another to (Select all that apply)

Deringer tries to use NVOCCs only to Co Load LCL Cargo whenever it is necessary.

Deringer had defined a process to only use Approved Overseas Agents for IFF or an Agent that has been approved by the Director of Transportation.

In terms of commitment in human, financial and technology resources to the development of International Freight Forwarding, is Deringer ready to face the requirements for oversees Partner / Agents with competitive rates, responsiveness, sales leads and closing business? Please explain: