International Trade Logistics

Q: The appropriate meaning of the term WWR is ________.

A: When Where Ready

Q: The major ports act as a catalyst to the country's foreign trade.

A: True

Q: A bonded Warehouse is licensed to accept imported goods for storage

before payment of custom & other duties/taxes.

A: True

Q: The value of damaged goods is fixed according to commodity exchange

price or ________, by reference to normal value of goods of same kind and

quality.

A: Current market price

Q: Primary function of the port is to provide entry and exit for cargos.

A: True

Q: Production element and distribution element are the two important elements

of :-

A: Marketing mix

Q: The insurance & sea charge is arranged by the seller, under :-

A: CIFQ: The loading brokers are remunerated by a percentage of freight they

procure.

A: True

Q: A bill of lading acts as a receipt for the goods from shipping company

to the exporter.

A: True

Q: Both unimodal and intermodal transport can be undertaken by one or

more carriers.

A: True

Q: The major ports which fall in the category of 'balanced ports' are :-

A: Vizag , New Manglore , JNPT

Q: A certificate showing origin of goods is called as ________.

A: Certificate of origin

1. Ships 1. Pallets, containers, wheeled units, barges

2. Cargo units 2. Container, ro-ro, barge carrier

3. Port facilities 3. Warehouses

4. Transport

vehicles

4. Packing organisations

5. Trucks, trailers, lorries

6. Container berths, gantry cranes, mobile cranes, forklift trucks,

straddle carriers

Q: The landing place at which vessel receive or discharge cargo is termed as :-

A: Quay

Q: When there is a dispute between two parties, normal procedure is to go to

court. This can also be settled by an ________ where the chosen person is

allowed to investigate a case and decide.

A: Arbitration

Q: The distribution element is connected with distribution of channel fixation and

making arrangements for physical movement of goods and services to

create two utilities time and :-

A: Place

Q: One of the four categories of maritime frauds is a fraud committed by a

charterer against :-

A: Ship-owner

Q: ________ is a contract between ship owner and charter .

A: Charter party

Q: The following are some of important clauses in Time CP form :-

A: Operations , Off-hire , Liabilities of the charterers and ship owners

Q: Following are some of the significant features of multimodal transport :-

A: The resultant cost savings tend to reduce the through freight rates and cost

Q: Operators of liner shipping services are also called as :-

A: Common carriers

Q: Containers are not useful for multimodal transport.

A: False

Q: BAF [Banker Adjustment Factor] is operated by banks while recovering

amount of loan from merchants.

A: False

Q: ________ policy lays an emphasis on private sector participation in the aviation sector as a whole and particularly in the construction /upgradation/operation of new as well as existing airports.

A: Civil aviation

Q: It is necessary to understand terms of shipment such as :-

A: CFR , FOB , CIF

Q: The deadweight capacities of bulk carriers range from small to 150000

MT loads.

A: True

Q: When there is a dispute between two parties, normal procedure is to go to court. This can also be settled by an ________ where the chosen person is allowed to investigate a case and decide.

A: Arbitration