Freight Forwarding Practice Quiz

The correct answer is "Bill of lading". A bill of lading is a legal document issued by a carrier to a shipper that details the type, quantity, and destination of the goods being carried. It serves as a receipt of shipment, a contract of carriage, and a document of title. It is an essential document in international trade and transportation, as it provides evidence of the contract of carriage and allows for the transfer of ownership of the goods.

Customs inside the maritime business have the main task of collecting and safeguarding customs duties. They are also responsible for controlling the flow of goods, including animals, personal effects, and hazardous items, in and out of a country. This involves ensuring that all necessary documentation is verified, checking for stolen goods or any potential safety risks, and protecting the goods at the frontiers.

Shipbroking is an activity that forms part of the international shipping industry. This involves various aspects such as chartering, buying, and selling ships and vessels. Shipbrokers act as intermediaries between ship owners and charterers, negotiating contracts and ensuring smooth operations in the shipping market. They play a crucial role in facilitating the movement of goods and commodities across the globe by providing market information, arranging transportation, and assisting in the logistics of shipping operations.

A ship broker is a specialist intermediary who facilitates transactions between shipowners and charterers, or between buyers and sellers of ships. They play a crucial role in the shipping industry by connecting parties involved in the transportation of cargo by sea and assisting in the negotiation of contracts and agreements. Ship brokers have in-depth knowledge of the market, vessel availability, and shipping routes, which enables them to provide valuable insights and guidance to their clients. They help ensure smooth and efficient operations in the shipping industry.

The correct answer is that the CMR note is a consignment note that confirms that the carrier has received the goods and that a contract of carriage exists between the trader and the carrier. This means that the CMR note serves as proof that the goods have been handed over to the carrier and that they are responsible for transporting them to the intended destination. It also establishes the legal relationship between the trader and the carrier, outlining their respective obligations and rights during the transportation process.

RORO stands for Roll-on / Roll-off. This term is commonly used in the transportation industry, particularly in the shipping of vehicles and cargo. It refers to a method of loading and unloading where vehicles or cargo are driven or rolled onto a vessel or trailer for transportation, and then rolled off at the destination. This method is efficient and saves time compared to other loading methods, as it eliminates the need for cranes or other lifting equipment.

An agent is a type of company that is responsible for controlling the reception and delivery of goods and documents at the destination. They act as intermediaries between the shipper and the recipient, ensuring that the goods are received and delivered in a timely and efficient manner. Agents typically handle all logistics and paperwork involved in the transportation process, including customs clearance and documentation. They play a crucial role in ensuring smooth and secure transportation of goods and documents from one location to another.

To export a vehicle, two documents are formally needed: an invoice and an owner certificate. The invoice is required to provide details about the transaction, including the value of the vehicle. This document is important for customs and taxation purposes. The owner certificate is necessary to establish the ownership of the vehicle and ensure that it is being exported with the proper authorization. This document verifies that the exporter has the legal right to sell and export the vehicle. Both documents are essential to comply with export regulations and facilitate a smooth export process.

The correct answer is that a CONRo is a hybrid between a RORO (Roll-on/Roll-off) and a container ship. This means that it is a type of vessel that is designed to carry both containers and wheeled cargo, such as cars or trucks. It has the ability to load containers by rolling them inside the decks, similar to a RORO ship, while also having the capacity to transport containers like a container ship. This combination of features makes it a versatile and efficient vessel for transporting a variety of cargo.

A waiver is the voluntary relinquishment or surrender of some known right or privilege. This means that a person or party willingly gives up or renounces a specific right or privilege that they are entitled to. It is a conscious decision to forego a particular benefit or exemption that they would otherwise have. This could be done for various reasons, such as to avoid legal responsibilities or to show consent in a particular situation.

When the customer pays for the freight of the shipment at the shipping destination, it is referred to as "Collect or Cash on Delivery." In this scenario, the customer is responsible for making the payment upon receiving the shipment. This method is commonly used when the buyer wants to ensure the goods are delivered before making the payment or when the seller wants to minimize the risk of non-payment.