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NEU Ocean Module 2 Flashcards

(104 cards)

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1
Q

NVOCCs are authorized to issue _____ and obtain _____.

A

own B/L and obtain freight margin

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2
Q

NVOCC is the _____.

A

ocean carrier

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3
Q

H-B/L

A

house bill of lading

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4
Q

NVOCC license grants the authority to issue _____.

A

house bill of lading

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5
Q

NVOCC license grants the authority to _____ rate.

A

mark up the ocean freight buying

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6
Q

An NVOCC is a _____ that _____ the vessel by which the ocean transportation is provided.

A

common carrier, does not operate

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7
Q

An NVOCC is a _____ in its relationship with an ocean common carrier.

A

shipper

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8
Q

A _____ is an individual or business that advertises to the general public to provide transportation by water of cargo between the United States and a port in a foreign country for compensation.

A

Common Carrier

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9
Q

A common carrier assumes responsibility from _____.

A

the port or point of receipt to the port or point of destination

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10
Q

When conducting business between foreign countries and the United States as NVOCC, _____ has a responsibility of complying to FMC rules and regulations

A

each party (NEI and its agents)

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11
Q

FMC regulations are found in _____.

A

CFR46

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12
Q

FMC rules: do not _____ clients.

A

discriminate against any

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13
Q

FMC rules: _____ should be provided to all Shippers, Consignees and Freight Forwarders

A

Equal treatment

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14
Q

Generate all shipment related documents with _____ information.

A

accurate and correct

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15
Q

_____ is required prior to making any disadvantageous action to Shippers, Consignees and Freight Forwarders at least ____ days in advance.

A

Public notification, 30

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16
Q

FMC penalty is _____ per violation per day.

A

$8,000

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17
Q

FMC penalty is _____ per violation per day (willfully and knowingly committed).

A

$40,000

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18
Q

FMC penalty in the worst case, _____.

A

the NVOCC license can be revoked

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19
Q

NVOCC duty includes offering _____.

A

international ocean carrier service

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20
Q

NVOCC duty includes _____ publication.

A

freight tariff

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21
Q

NVOCC duty includes NEI _____ preparation.

A

B/L (Waybill)

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22
Q

NVOCC duty includes processing _____.

A

forwarder’s compensation

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23
Q

If we do not have _____, we can only provide _____.

A

a destination agent, ocean freight forwarding service

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24
Q

If the cargo is _____, we may only provide _____.

A

a tariff exempt commodity, ocean freight forwarding service

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25
Before quoting NVOCC service, check _____ in _____, _____ rate in _____, request _____ and research _____.
existing rate in NEI tariff, check buying rate in S/C, request rates from carriers if none available, and research market ocean rate for the lane.
26
_____ from carriers are not the same _____.
Buying rate structure and amount, amounts as filed in our NEI tariff
27
Use _____ rate structure for quote and tariff filing
our
28
NEI _____, _____ and _____ must be quoted.
tariff charges, surcharges, and fees
29
NEI filed tariff _____ must be used in the quote.
nomenclature
30
Cost of NEI NVOCC service includes _____, _____, _____ fee, _____ and _____ compensation.
ocean freight from the carrier, NEI B/L commission, destination handling fee, liability insurance and forwarder compensation.
31
NEI B/L commission of $_____.
$4.00 per BL or Waybill
32
Destination handling fee of approx. $_____ for FCL shipment.
$20.00 per container
33
Destination handling fee of approx. $_____ for LCL shipment.
$20 per B/L (Waybill)
34
Forwarder compensation is based on _____.
NEI tariff
35
Liability insurance cost of $_____ for FCL.
$4.00/FEU
36
Liability insurance cost of $_____ for Co-Loading.
$4.00/BL
37
Liability insurance cost of $_____ for Reefer.
$7.50/FEU
38
Liability insurance cost of $_____ for Break Bulk.
$0.50/RT
39
RT
Revenue Tonne (i.e. 1 metric tonne or 1.0 cubic meter, whichever greater)
40
Co-loading is allowed when there is _____.
not enough cargo volume to establish an LCL consolidated container
41
Co-loading is allowed for _____ shipment.
hazardous material
42
Co-loading requires _____ prior to _____.
carrier-to-carrier agreement, loading our cargo with another NVOCC
43
NEI nominated co-loaders include _____.
Vanguard Logistics, Brennan International, Direct Container Line, Conterm Consolidation, Shipco Transport
44
NEI offers our own _____ for transpacific westbound.
LCL consolidation system
45
_____ are set from each CFS in the US to all major Asian destinations.
Internal wholesale rates
46
Internal wholesale rate is the _____ for an LCL shipment.
ocean freight buying cost per w/m
47
_____ is moving through our hub system on a weekly basis.
LCL consolidation cargo
48
NEI LCL Consolidation System country destinations include _____.
Japan, China, Korea, Singapore and Hong Kong
49
NEI LCL Consolidation System destinations in Japan include:
Tokyo, Yokohama, Nagoya, Kobe and Osaka
50
NEI LCL Consolidation System destinations in China include:
Shanghai
51
NEI LCL Consolidation System destinations in Korea include:
Busan
52
NEI LCL Consolidation System transhipment to other destinations is handled at _____.
Hong Kong, Singapore, Busan, and Japan ports
53
Transpacific Westbound Hub Consolidation NYH -> _____
NYC
54
Transpacific Westbound Hub Consolidation BOS -> _____
NYC
55
Transpacific Westbound Hub Consolidation PHL -> _____
NYC
56
Transpacific Westbound Hub Consolidation WAS -> _____
NYC
57
Transpacific Westbound Hub Consolidation VIA -> _____
NYC
58
Transpacific Westbound Hub Consolidation BNA -> _____
ATL
59
Transpacific Westbound Hub Consolidation CLT -> _____
ATL
60
Transpacific Westbound Hub Consolidation MIA -> _____
ATL
61
Transpacific Westbound Hub Consolidation NYC -> _____
CHI
62
Transpacific Westbound Hub Consolidation ATL -> _____
LAX
63
Transpacific Westbound Hub Consolidation MSP -> _____
CHI
64
Transpacific Westbound Hub Consolidation CMH -> _____
CHI
65
Transpacific Westbound Hub Consolidation DTT -> _____
CHI
66
Transpacific Westbound Hub Consolidation IND -> _____
CHI
67
Transpacific Westbound Hub Consolidation CLV -> _____
CHI
68
Transpacific Westbound Hub Consolidation CTT -> _____
CHI
69
Transpacific Westbound Hub Consolidation PIT -> _____
CHI
70
Transpacific Westbound Hub Consolidation CHI -> _____
LAX
71
Transpacific Westbound Hub Consolidation DFW -> _____
LAX
72
Transpacific Westbound Hub Consolidation HOU -> _____
LAX
73
Transpacific Westbound Hub Consolidation SEA -> _____
LAX
74
Transpacific Westbound Hub Consolidation PDX -> _____
LAX
75
Transpacific Westbound Hub Consolidation SFO -> _____
LAX
76
Transpacific Westbound Hub Consolidation DEN -> _____
LAX
77
Compensation is paid to _____ who use our NEI carrier service.
other freight forwarders
78
Compensation is paid against _____.
their brokerage invoice
79
Freight forwarders are paid _____ on dry cargo LCL shipments from _____.
5% of the base ocean freight, US ports
80
Freight forwarders are paid _____ on dry cargo FCL shipments from _____.
2.5% of the base ocean freight, all US origins named in our tariff
81
Freight forwarders are paid _____ on refrigerated shipments _____.
1.25% of the base ocean freight, for both FCL and LCL from all US origins.
82
NEI has developed _____ in compliance with _____.
our own tariff system, the 1998 OSRA (Ocean Shipping Reform Act)
83
If no rate is on file _____ before commencement of _____.
a new NEI tariff rate needs to be filed, carrier's arrangements
84
Duplicate rate filing is prohibited under the following shipment conditions: _____.
commodity, place of receipt, place of loading, place of unloading, place of delivery, service type and rate basis
85
TRI#
Tariff Rate Item Number
86
RTC
Regional Tariff Controller
87
TRI# is assigned _____ approved by _____.
after rate filing, RTC
88
TRI# is printed on every _____.
NEI House B/L
89
TRI# is _____ digits long.
14
90
NVOCC US Export Shipment Master B/L shipper name: _____
``` Nippon Express USA, Inc. - Branch Name - As Agent For Nippon Express USA (Illinois), Inc. 401 E. Touhy Ave., Des Plaines, IL 60018 ```
91
NVOCC US Export Shipment Master B/L consignee name: _____
Destination country agent, branch name & address
92
NEI House B/L or Waybill prepared according to _____ and/or _____.
shipper's letter of instruction and/or commercial invoice and packing list
93
NEI House B/L or Waybill shipper: _____
seller (actual shipper)
94
NEI House B/L or Waybill consignee: _____
buyer (sold to party)
95
NEI House B/L or Waybill notify party: _____
broker at destination
96
NEI House B/L or Waybill commodity: _____
same name used during freight survey
97
NEI House B/L or Waybill freight payment: _____
according to trade terms
98
NEI House B/L or Waybill _____ must be an accurate figure.
weight & measurement
99
Prior to signing NEI B/L or Waybill need to confirm freight _____ and _____ used are in compliance with our _____.
freight rates and terminology, Tariff
100
Prior to signing NEI B/L or Waybill need to confirm that place _____, _____, _____ and _____ match _____.
of receipt, port of loading, port of discharge and place of delivery match tariff
101
Prior to signing NEI B/L or Waybill need to confirm applicable _____ for _____ to be shipped.
Tariff rate item (TRI) # for commodity
102
Prior to signing NEI B/L or Waybill need to confirm that _____ and _____ # match those of the _____ confirmation.
ocean vessel and voyage #, booking
103
We have a responsibility to keep NVOCC documents on file for _____ years from _____.
7 years, B/L date
104
NVOCC documents that need to be retained include _____
Shipping instruction and export power of attorney, master B/L (waybill), house B/L (waybill), manifest, ocean freight invoice, related documents

Ocean Cargo (3 decks)

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