Name:
MID-TERM EXAMINATION
Spring 2026
Baruch College
Marketing 9774-International Logistics
Must be returned to my Baruch e-mail by or before, Tuesday, March 31, 2026, 21:00 EDT.
Please fill in or X the correct answer:
1. The transportation intermediary that may be described as a “Travel Agent” for cargo is:
[ ] a. a Customs Broker.
[X] b. a Freight Forwarder.
[ ] c. a Carrier.
[ ] d. a Shipper’s Agent.
[ ] e. none of the above.
2. In the U.S. a customs broker is licensed by the U.S. Customs & Border Protection which is now part of
the: Homeland Security Department of the U.S. Government
3. The letters OTI stands for and is used by the FMC to identify what two types of service providers?
OTI stands for Ocean Transportation Intermediaries and is regulated by the FMC to identify ocean
freight forwarders or NVOCC (non-vessel-operating common carriers)
4. Define the term NVOCC and explain the services they provide:
A Non-Vessel Operating Common Carrier (NVOCC) is an intermediary in ocean transportation that
offers carrier-like services without owning or operating ships or containers. Instead, it purchases space
from ocean carriers and resells it to shippers. NVOCCs issue their own bills of lading and establish their
own rates and conditions of service.
5. Internationally accepted definitions for commercial terms are contained in the ICC publication # 723
The common names for these definitions are Intercoms 2020 (International Commercial Terms)
6. Which commercial term represents the most responsibility for the buyer and least for the seller:
[ ] a. CIF
[ ] b. DDP
[ ] c. FOB
[ X] d. EXW
[ ] e. None of the above
7. Under the commercial term FCA (named carrier/place), risk of loss transfers from the seller to the buyer
when:
[ X] a. when the goods are delivered to the named carrier
[ ] b. when the merchandise crosses the ship’s rail
[ ] c. when goods are delivered to the first carrier
[ ] d. upon delivery to the final consignee
[ ] e. none of the above.
, Mid-Term Examination-Marketing 9774 -International Logistics Page 2
8. A truck is traveling from the forwarders warehouse in Elizabeth, NJ to an airline at EWR Airport. The
truck is in an accident, and the cargo is damaged. Under the term “FCA” (Buyer’s Forwarder/Elizabeth, NJ)
who incurs the loss:
[ ] a. seller
[ X] b. buyer
9. The only two commercial terms that require the seller to provide insurance are: CIP (Carriage
&Insurance Paid To) and CIF (Cost, Insurance and Freight)
10. Under the terms in question 9, the beneficiary of the insurance provided is the:
[ ] a. seller
[ X] b. buyer
11. The commercial term that requires the seller to deliver the goods directly to the final destination
excluding customs clearance, all duties, taxes and any costs related to the customs clearance is:
[ ] a. EXW
[ X] b. DAP
[ ] c. CIF
[ ] d. DDP
[ ] e. None of the above
12. The body within the Department of Homeland Security responsible for maintaining aids to navigation,
inspecting vessels for safety compliance and enforcing safety on U.S. waterways is:
[ ] a. St. Lawrence Seaway Development Corp.
[ X] b. U.S. Coast Guard
[ ] c. U.S. Marine Band
[ ] d. Federal Maritime Commission
[ ] e. none of the above
13. The purpose of having a national transportation policy is:
[ ] a. to protect and promote the common carrier system through exercising the powers contained in
the commerce clause of the U.S. constitution
[ ] b. to permit Congress to have a greater role in expanding economic regulation of transportation
[ ] c. to give more power to the executive branch
[X] d. to provide direction for determining the amount of national resources that will be dedicated to
transportation and for determining the quality of service that is essential for economic activity
and national defense
[ ] e. to help private enterprise negotiate their way through the government.
MID-TERM EXAMINATION
Spring 2026
Baruch College
Marketing 9774-International Logistics
Must be returned to my Baruch e-mail by or before, Tuesday, March 31, 2026, 21:00 EDT.
Please fill in or X the correct answer:
1. The transportation intermediary that may be described as a “Travel Agent” for cargo is:
[ ] a. a Customs Broker.
[X] b. a Freight Forwarder.
[ ] c. a Carrier.
[ ] d. a Shipper’s Agent.
[ ] e. none of the above.
2. In the U.S. a customs broker is licensed by the U.S. Customs & Border Protection which is now part of
the: Homeland Security Department of the U.S. Government
3. The letters OTI stands for and is used by the FMC to identify what two types of service providers?
OTI stands for Ocean Transportation Intermediaries and is regulated by the FMC to identify ocean
freight forwarders or NVOCC (non-vessel-operating common carriers)
4. Define the term NVOCC and explain the services they provide:
A Non-Vessel Operating Common Carrier (NVOCC) is an intermediary in ocean transportation that
offers carrier-like services without owning or operating ships or containers. Instead, it purchases space
from ocean carriers and resells it to shippers. NVOCCs issue their own bills of lading and establish their
own rates and conditions of service.
5. Internationally accepted definitions for commercial terms are contained in the ICC publication # 723
The common names for these definitions are Intercoms 2020 (International Commercial Terms)
6. Which commercial term represents the most responsibility for the buyer and least for the seller:
[ ] a. CIF
[ ] b. DDP
[ ] c. FOB
[ X] d. EXW
[ ] e. None of the above
7. Under the commercial term FCA (named carrier/place), risk of loss transfers from the seller to the buyer
when:
[ X] a. when the goods are delivered to the named carrier
[ ] b. when the merchandise crosses the ship’s rail
[ ] c. when goods are delivered to the first carrier
[ ] d. upon delivery to the final consignee
[ ] e. none of the above.
, Mid-Term Examination-Marketing 9774 -International Logistics Page 2
8. A truck is traveling from the forwarders warehouse in Elizabeth, NJ to an airline at EWR Airport. The
truck is in an accident, and the cargo is damaged. Under the term “FCA” (Buyer’s Forwarder/Elizabeth, NJ)
who incurs the loss:
[ ] a. seller
[ X] b. buyer
9. The only two commercial terms that require the seller to provide insurance are: CIP (Carriage
&Insurance Paid To) and CIF (Cost, Insurance and Freight)
10. Under the terms in question 9, the beneficiary of the insurance provided is the:
[ ] a. seller
[ X] b. buyer
11. The commercial term that requires the seller to deliver the goods directly to the final destination
excluding customs clearance, all duties, taxes and any costs related to the customs clearance is:
[ ] a. EXW
[ X] b. DAP
[ ] c. CIF
[ ] d. DDP
[ ] e. None of the above
12. The body within the Department of Homeland Security responsible for maintaining aids to navigation,
inspecting vessels for safety compliance and enforcing safety on U.S. waterways is:
[ ] a. St. Lawrence Seaway Development Corp.
[ X] b. U.S. Coast Guard
[ ] c. U.S. Marine Band
[ ] d. Federal Maritime Commission
[ ] e. none of the above
13. The purpose of having a national transportation policy is:
[ ] a. to protect and promote the common carrier system through exercising the powers contained in
the commerce clause of the U.S. constitution
[ ] b. to permit Congress to have a greater role in expanding economic regulation of transportation
[ ] c. to give more power to the executive branch
[X] d. to provide direction for determining the amount of national resources that will be dedicated to
transportation and for determining the quality of service that is essential for economic activity
and national defense
[ ] e. to help private enterprise negotiate their way through the government.
