International Trade Logistics

Q: The appropriate meaning of the term WWR is ________.

A: When Where Ready
Q: The major ports act as a catalyst to the country's foreign trade.
A: True
Q: A bonded Warehouse is licensed to accept imported goods for storage
before payment of custom & other duties/taxes.
A: True
Q: The value of damaged goods is fixed according to commodity exchange
price or ________, by reference to normal value of goods of same kind and
quality.
A: Current market price
Q: Primary function of the port is to provide entry and exit for cargos.
A: True
Q: Production element and distribution element are the two important elements
of :A: Marketing mix
Q: The insurance & sea charge is arranged by the seller, under :A: CIF
Q: The loading brokers are remunerated by a percentage of freight they
procure.
A: True
Q: A bill of lading acts as a receipt for the goods from shipping company
to the exporter.
A: True
Q: Both unimodal and intermodal transport can be undertaken by one or
more carriers.
A: True
Q: The major ports which fall in the category of 'balanced ports' are :A: Vizag , New Manglore , JNPT
Q: A certificate showing origin of goods is called as ________.
A: Certificate of origin
1. Ships 1. Pallets, containers, wheeled units, barges
2. Cargo units 2. Container, ro-ro, barge carrier
3. Port facilities 3. Warehouses
4. Transport
vehicles
4. Packing organisations
5. Trucks, trailers, lorries
6. Container berths, gantry cranes, mobile cranes, forklift trucks,
straddle carriers
Q: The landing place at which vessel receive or discharge cargo is termed as :A: Quay
Q: When there is a dispute between two parties, normal procedure is to go to
court. This can also be settled by an ________ where the chosen person is
allowed to investigate a case and decide.
A: Arbitration

Q: The distribution element is connected with distribution of channel fixation and

making arrangements for physical movement of goods and services to
create two utilities time and :A: Place
Q: One of the four categories of maritime frauds is a fraud committed by a
charterer against :A: Ship-owner
Q: ________ is a contract between ship owner and charter .
A: Charter party
Q: The following are some of important clauses in Time CP form :A: Operations , Off-hire , Liabilities of the charterers and ship owners
Q: Following are some of the significant features of multimodal transport :A: The resultant cost savings tend to reduce the through freight rates and cost
Q: Operators of liner shipping services are also called as :A: Common carriers
Q: Containers are not useful for multimodal transport.
A: False
Q: BAF [Banker Adjustment Factor] is operated by banks while recovering
amount of loan from merchants.
A: False
Q: ________ policy lays an emphasis on private sector participation in the aviation
sector as a whole and particularly in the construction /upgradation/operation of new as
well as existing airports.
A: Civil aviation
Q: It is necessary to understand terms of shipment such as :A: CFR , FOB , CIF
Q: The deadweight capacities of bulk carriers range from small to 150000
MT loads.
A: True
Q: When there is a dispute between two parties, normal procedure is to go to court.
This can also be settled by an ________ where the chosen person is allowed to
investigate a case and decide.
A: Arbitration