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Ocean Cargo > NEU Ocean Module 1 > Flashcards

NEU Ocean Module 1 Flashcards

(95 cards)

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1
Q

What is the FMC?

A

Federal Maritime Commission

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2
Q

What two licenses does NEU have from FMC?

A

Ocean Freight Forwarder and Non-Vessel Operating Common Carrier NVOCC

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3
Q

____% of world trade is between countries without a common border

A

23%

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4
Q

NVOCCs issue their own ______.

A

House bill of lading

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5
Q

NVOCCs _________the vessels by which ocean transportation is provided.

A

do not operate

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6
Q

NEU ocean freight forwarder license holder

A

Nippon Express USA, Inc. (NEU)

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7
Q

NEU ocean freight forwarder license number

A

001087F

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8
Q

NEU NVOCC license holder

A

Nippon Express USA (Illinois), Inc. (NEI)

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9
Q

NEU NVOCC license number

A

016327N

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10
Q

NEU NVOCC SCAC code

A

NPNE

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11
Q

NVOCC stands for

A

Non-Vessel-Operating Common Carrier

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12
Q

VOCC stands for

A

Vessel-Operating Common Carrier

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13
Q

Laws of ocean transportation include

A

US Shipping Act of 1984, Ocean Shipping Reform Act of 1998 (OSRA)

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14
Q

US Shipping Act of ____

A

1984

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15
Q

Ocean Shipping Reform Act of ____

A

1998

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16
Q

OSRA

A

Ocean Shipping Reform Act

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17
Q

Ocean common carriers include

A

NVOCC and VOCC

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18
Q

US Shipping Act of 1984 regulates ________

A

shipments to/from the United States

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19
Q

OSRA NVOCCs and ocean freight forwarders are categorized as _________.

A

Ocean Transport Intermediary OTI

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20
Q

OTI

A

Ocean Transport Intermediary OTI

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21
Q

OSRA requires that ______ be licensed by the FMC

A

NVOCCs and ocean freight forwarders

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22
Q

Ocean carrier will issue B/L when _______.

A

cargo is in the custody of the carrier for transportation

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23
Q

Ocean carrier will issue ______ when cargo is in the custody of the carrier for transportation.

A

3 original B/Ls

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24
Q

Original B/L is a ____ document.

A

negotiable

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25
Original B/L is ___ with endorsement.
transferable
26
The carrier releases the cargo to the party who _____.
surrenders the original B/L
27
The carrier _____ an original B/L.
will not reissue
28
A Bill of Lading is issued by a _____.
carrier
29
A Bill of Lading details _____.
a shipment of merchandise
30
A Bill of Lading gives _____.
title to the goods
31
A Bill of Lading requires the carrier to _____.
deliver the merchandise to the appropriate party
32
According to the shipper’s request, the carrier can issue a _____ when the cargo is in the custody of the carrier for transportation.
Waybill
33
There is _____ waybill
no original
34
Waybill is a _____ document
non-negotiable
35
The carrier releases the cargo to _____
the party indicated as the consignee
36
The principle of the US Shipping Act is that the ultimate payer should ______.
pay the same freight amount as registered in the tariff
37
Movement by Ocean Bills of Lading. You must _____ ocean freight charged by the carrier.
not add any amount to the
38
Movement by Ocean Bills of Lading. Total billed amount must match the amount showing on _____.
the bills of lading
39
Movement by NEI House Bills of Lading. The agent at origin & destination must _____.
not add any amount to the ocean freight charged
40
Movement by NEI House Bills of Lading. Total billed amount must match the amount showing on _____.
Nippon Express USA (Illinois), Inc. (NEI) bills of lading
41
There are _____ primary types of cargo insurance
two
42
The primary types of cargo insurance are
Bill of Lading Liability Insurance and Marine Insurance
43
The Bill of lading (B/L) issued by carrier has a clause of _____.
limited liability
44
Bill of Lading Liability Insurance covers _____ liability.
limited
45
Marine Insurance covers _____.
110% of CIF value
46
CIF = _____ + …
Cost + Insurance + Freight
47
VOCC: The cargo is moved by _____ bill of lading.
carrier’s
48
VOCC: _____ has a responsibility to move the cargo from origin to destination as printed on the B/L.
Carrier
49
NEI NVOCC: The cargo is moved by _____ bill of lading.
NEI
50
NEI NVOCC: _____ has a responsibility to move the cargo from origin to destination as printed on the B/L.
NEI
51
Four types of ocean shipment include
FCL, LCL, Break Bulk, Roll On Roll Off (RORO)
52
Break bulk shipment is used for _____.
oversize cargo that cannot be safely loaded into an ocean container
53
Break bulk shipment _____ term depends on the contract with the ocean carrier.
berth (or pier)
54
RORO
Roll On Roll Off
55
In a Roll On Roll Off Shipment the cargo will be loaded on to a _____.
Car Carrier vessel
56
CY/CY
Container Yard to Container Yard
57
CFS/CFS
Container Freight Station to Container Freight Station
58
Port/Port
Port to Port excluding loading / unloading
59
Door to CY
Shipper's Door to CY
60
20' Dry Container equipment type
PC20D
61
40' Dry Container equipment type
PC40D
62
40' High Cube Dry Container equipment type
PC40H
63
45' Dry Container equipment type
PC45
64
20' Open Top Container equipment type
PC20T
65
40' Open Top Container equipment type
PC40T
66
20' Flat Rack Container equipment type
PC20F
67
40' Flat Rack Container equipment type
PC40F
68
20' Refrigerated Container equipment type
PC20R
69
40' Refrigerated Container equipment type
PC40R
70
40' High Cube Refrigerated Container equipment type
PC40RH
71
Types of container chassis
standard, tri-axle, slider
72
Tires are an example of a commodity shipped in a(n) _____ container
open top
73
Example of commodity shipped in flat rack container
construction machinery
74
Los Angeles to Hong Kong is an example of a(n) _____ movement.
port to port
75
Hong Kong to Chicago via Long Beach is an example of a(n) _____ movement.
interior point intermodal IPI
76
Tokyo to Boston via Long Beach is an example of a(n) _____ movement.
mini land bridge MLB
77
Kobe to Nashville via Savannah is an example of a(n) _____ movement.
reverse IPI R-IPI
78
IPI
interior point intermodal
79
MLB
mini land bridge
80
R-IPI
reverse IPI
81
DST
double stack train
82
S/C
service contract
83
MQC
minimum quantity commitment (MVC)
84
Demurrage is container storage charge _____.
in CY
85
Detention is container storage charge _____.
outside CY
86
W/M
weight or measure, e.g. 1,000 kg or 1m3 = 1 w/m
87
ETD
estimated time of departure
88
SLAC
shipper's load and count
89
Trade terms designate the _____
responsibility / obligation of transportation
90
EXW
Ex-Work
91
FOB
Free on Board
92
CFR
Cost and Freight
93
Ex-Work seller's obligation to deliver ends when _____.
he has made goods available at his premesis
94
Free on Board seller's obligation to deliver ends when _____.
the goods have passed over the ship's rail
95
Cost and Freight seller's obligation is to _____.
pay the cost and freight to bring the goods to the named port of destination

Ocean Cargo (3 decks)

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