Exam Study QUESTIONS WITH |\ |\ |\ |\
ANSWERS
With respect to cargo insurance claim procedures, the insurance
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policy will provide specified time limits in which the assured
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must: - CORRECT ANSWERS ✔✔1. Submit a formal claim
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specifying amount claimed supported by proof of loss |\ |\ |\ |\ |\ |\ |\ |\
documentation.
2. Notify the insurance carrier following discovery of loss.
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3. File a lawsuit to pursue an unsettled claim.
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An airfreight forwarder's function is to make all the arrangements
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necessary to move a shipment from the shipper or supplier's
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door to the consignee's door or other place of delivery within the
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period of time specified by its customer. - CORRECT ANSWERS
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✔✔True
Absent a system of common carriage, all "for hire" ocean
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shipping would revert to contract carriage, with each shipper
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having to negotiate rates and conditions of service separately
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with each carrier. - CORRECT ANSWERS ✔✔True
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How should you proceed with Schedule B classification of
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products for which the shipper's description is very general or
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vague (e.g., "auto parts," "building materials," "medical device")?
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,- CORRECT ANSWERS ✔✔Contact the shipper for more specific
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description(s) before proceeding. |\ |\
If imported goods arrive in wood packaging that is not ISPM-15
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certified, the shipment may be refused entry and the importer
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fined regardless of whether the wood actually contains insects. -
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CORRECT ANSWERS ✔✔True |\ |\
An international air carrier may reject a claim for damage if the
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shipper's packaging was inadequate to safeguard the contents
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from damage resulting from the normal rigors of the intended
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transportation, and there is no evidence of mis-handling by |\ |\ |\ |\ |\ |\ |\ |\ |\
carrier. - CORRECT ANSWERS ✔✔True |\ |\ |\ |\
In the case of a routed export transaction where the FPPI has
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expressly assumed responsibility as exporter under the EAR, the
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USPPI must, upon request of the FPPI, provide ECCN(s) or
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sufficient technical information to determine classification. -
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CORRECT ANSWERS ✔✔True |\ |\
The "all-risks clause" under an open cargo insurance policy
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means that all commodities are insured for loss or damage from
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all commercial risks. - CORRECT ANSWERS ✔✔False
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Costs being equal, typically the shipper is better served by a
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single through intermodal bill of lading rather than separately
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contracting for each segment of needed transportation. - |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔True |\ |\
,A supply chain owner can now reliably out-source some or many
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supply chain management functions to 3PLs or 4PLs. - CORRECT
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ANSWERS ✔✔True |\
A U.S. OTI license is required for forwarding type services only
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when such services are associated with the dispatch of ocean
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cargo via a U.S. port. - CORRECT ANSWERS ✔✔True
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Air cargo shipments, including the connecting land transportation
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at origin and destination, are insurable under almost all marine
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open cargo policies. - CORRECT ANSWERS ✔✔True
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To which of the following should you refer in order to determine if
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a substance is classifiable as "dangerous goods" for transport
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purposes? - CORRECT ANSWERS ✔✔1. Shipper |\ |\ |\ |\ |\
2. Dangerous goods list (DGL)
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A party solely performing consular documentation services for an
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ocean shipment departing via U.S. port on behalf of another
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party (shipper or ocean forwarder) requires an OTI license issued
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by the FMC. - CORRECT ANSWERS ✔✔False
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Dangerous goods are uniformly identified in all international DG |\ |\ |\ |\ |\ |\ |\ |\ |\
regulations (e.g., IMDG Code, ICAO Technical Instructions) |\ |\ |\ |\ |\ |\ |\
through a global classification system, by: - CORRECT ANSWERS
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✔✔1. Proper Shipping Name
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2. Hazard Class
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3. Packing Group
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, 4. Hazard Division, when applicable
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5. US Number
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Enforcement of FMC regulations is primarily conducted by the |\ |\ |\ |\ |\ |\ |\ |\ |\
U.S. Justice Department. - CORRECT ANSWERS ✔✔False
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A letter of credit may be amended only to change the amount,
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expiry date, shipping deadline or required documents. - CORRECT
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ANSWERS ✔✔False
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Three basic limitations to carrier liability for cargo loss or damage
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found in industry-standard terms and conditions are: - CORRECT
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ANSWERS ✔✔1. Liability is limited to actual value of the cargo |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
loss.
2. Liability is limited to a maximum value per package or
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shipment weight as imposed by law and/or the |\ |\ |\ |\ |\ |\ |\
contract of carriage. |\ |\
3. The loss must occur through carrier negligence.
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The shipper's airwaybill will typically include the service and
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charge for pick-up and all other requested services to complete
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the shipment to the delivery point for which the shipper is
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responsible. - CORRECT ANSWERS ✔✔True |\ |\ |\ |\
All original bills of lading, properly endorsed, must be
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surrendered back to the shipping line at destination in exchange |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
for delivery of the cargo. - CORRECT ANSWERS ✔✔False
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