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MSC Academy > Export Docs > Flashcards

Export Docs Flashcards

1
Q

what does Export Docs do for Customers

A

Creates BOL based on their instructions

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2
Q

Bill of Lading serves as:

A

Contract of Carriage
Title of Ownership
Receipt of the goods

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3
Q

Shipper defined as

A

May be the owner/ seller/ supplier of goods

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4
Q

NVOCC

A

Non-Vessel Operating Common Carrier- acts as carrier however does not have vessels. Issue HBL

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5
Q

Freight Forwarder

A

Is an agents at the POL responsibile for all the paperwork and customs clearance (AES automated export system)

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6
Q

AES

A

automated export system)

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7
Q

EXP

A

European Export System

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8
Q

Consignee

A

The receiver of the goods overseas

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9
Q

Notify

A

Party that has to be notified of cargo arrival.

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10
Q

Can MSC be the consignee or notify party?

A

NO

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11
Q

Master Bill of Lading Instructions should contain:

A

Booking Number most important

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12
Q

Can we issue more than 3 OBLs?

A

yes but the number issued must be indicated on the document

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13
Q

Can we issue the second set of originals?

A

No, One shipment, one set of originals

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14
Q

Telex Release

A

a notification sent to our agent overseas that cargo can be released w/o presentation of OBL

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15
Q

What is the difference between Straight BL and To the Order BL?

A

Straight BL has named consignee, order has none.

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16
Q

Express Release

A

Seaway, Originals released at POD, Telex Release

17
Q

Can we change the on-board date on BOL?

A

no

18
Q

Letter of Credit

A

common means of payment in international trade. This is written commitment by a bank to make payment to an exporter on behalf of an importer under specified conditions.

19
Q

Manifest

A

Manifest is the collection of all BOLs specific vessel and specific POL

20
Q

DTX

A

Data Transmission Exchange is the computerized version of the manifest

21
Q

Revision

A

Change to BL before vessel manifest

22
Q

EMC

A

Electronic Manifest Corrector

MSC Academy (27 decks)

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