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Ocean Cargo > NEU Ocean Module 1 > Flashcards

NEU Ocean Module 1 Flashcards

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
Q

Original B/L is ___ with endorsement.

A

transferable

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26
Q

The carrier releases the cargo to the party who _____.

A

surrenders the original B/L

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27
Q

The carrier _____ an original B/L.

A

will not reissue

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28
Q

A Bill of Lading is issued by a _____.

A

carrier

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29
Q

A Bill of Lading details _____.

A

a shipment of merchandise

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30
Q

A Bill of Lading gives _____.

A

title to the goods

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31
Q

A Bill of Lading requires the carrier to _____.

A

deliver the merchandise to the appropriate party

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32
Q

According to the shipper’s request, the carrier can issue a _____ when the cargo is in the custody of the carrier for transportation.

A

Waybill

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33
Q

There is _____ waybill

A

no original

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34
Q

Waybill is a _____ document

A

non-negotiable

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35
Q

The carrier releases the cargo to _____

A

the party indicated as the consignee

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36
Q

The principle of the US Shipping Act is that the ultimate payer should ______.

A

pay the same freight amount as registered in the tariff

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37
Q

Movement by Ocean Bills of Lading. You must _____ ocean freight charged by the carrier.

A

not add any amount to the

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38
Q

Movement by Ocean Bills of Lading. Total billed amount must match the amount showing on _____.

A

the bills of lading

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39
Q

Movement by NEI House Bills of Lading. The agent at origin & destination must _____.

A

not add any amount to the ocean freight charged

40
Q

Movement by NEI House Bills of Lading. Total billed amount must match the amount showing on _____.

A

Nippon Express USA (Illinois), Inc. (NEI) bills of lading

41
Q

There are _____ primary types of cargo insurance

A

two

42
Q

The primary types of cargo insurance are

A

Bill of Lading Liability Insurance and Marine Insurance

43
Q

The Bill of lading (B/L) issued by carrier has a clause of _____.

A

limited liability

44
Q

Bill of Lading Liability Insurance covers _____ liability.

A

limited

45
Q

Marine Insurance covers _____.

A

110% of CIF value

46
Q

CIF = _____ + …

A

Cost + Insurance + Freight

47
Q

VOCC: The cargo is moved by _____ bill of lading.

A

carrier’s

48
Q

VOCC: _____ has a responsibility to move the cargo from origin to destination as printed on the B/L.

A

Carrier

49
Q

NEI NVOCC: The cargo is moved by _____ bill of lading.

A

NEI

50
Q

NEI NVOCC: _____ has a responsibility to move the cargo from origin to destination as printed on the B/L.

A

NEI

51
Q

Four types of ocean shipment include

A

FCL, LCL, Break Bulk, Roll On Roll Off (RORO)

52
Q

Break bulk shipment is used for _____.

A

oversize cargo that cannot be safely loaded into an ocean container

53
Q

Break bulk shipment _____ term depends on the contract with the ocean carrier.

A

berth (or pier)

54
Q

RORO

A

Roll On Roll Off

55
Q

In a Roll On Roll Off Shipment the cargo will be loaded on to a _____.

A

Car Carrier vessel

56
Q

CY/CY

A

Container Yard to Container Yard

57
Q

CFS/CFS

A

Container Freight Station to Container Freight Station

58
Q

Port/Port

A

Port to Port excluding loading / unloading

59
Q

Door to CY

A

Shipper’s Door to CY

60
Q

20’ Dry Container equipment type

A

PC20D

61
Q

40’ Dry Container equipment type

A

PC40D

62
Q

40’ High Cube Dry Container equipment type

A

PC40H

63
Q

45’ Dry Container equipment type

A

PC45

64
Q

20’ Open Top Container equipment type

A

PC20T

65
Q

40’ Open Top Container equipment type

A

PC40T

66
Q

20’ Flat Rack Container equipment type

A

PC20F

67
Q

40’ Flat Rack Container equipment type

A

PC40F

68
Q

20’ Refrigerated Container equipment type

A

PC20R

69
Q

40’ Refrigerated Container equipment type

A

PC40R

70
Q

40’ High Cube Refrigerated Container equipment type

A

PC40RH

71
Q

Types of container chassis

A

standard, tri-axle, slider

72
Q

Tires are an example of a commodity shipped in a(n) _____ container

A

open top

73
Q

Example of commodity shipped in flat rack container

A

construction machinery

74
Q

Los Angeles to Hong Kong is an example of a(n) _____ movement.

A

port to port

75
Q

Hong Kong to Chicago via Long Beach is an example of a(n) _____ movement.

A

interior point intermodal IPI

76
Q

Tokyo to Boston via Long Beach is an example of a(n) _____ movement.

A

mini land bridge MLB

77
Q

Kobe to Nashville via Savannah is an example of a(n) _____ movement.

A

reverse IPI R-IPI

78
Q

IPI

A

interior point intermodal

79
Q

MLB

A

mini land bridge

80
Q

R-IPI

A

reverse IPI

81
Q

DST

A

double stack train

82
Q

S/C

A

service contract

83
Q

MQC

A

minimum quantity commitment (MVC)

84
Q

Demurrage is container storage charge _____.

A

in CY

85
Q

Detention is container storage charge _____.

A

outside CY

86
Q

W/M

A

weight or measure, e.g. 1,000 kg or 1m3 = 1 w/m

87
Q

ETD

A

estimated time of departure

88
Q

SLAC

A

shipper’s load and count

89
Q

Trade terms designate the _____

A

responsibility / obligation of transportation

90
Q

EXW

A

Ex-Work

91
Q

FOB

A

Free on Board

92
Q

CFR

A

Cost and Freight

93
Q

Ex-Work seller’s obligation to deliver ends when _____.

A

he has made goods available at his premesis

94
Q

Free on Board seller’s obligation to deliver ends when _____.

A

the goods have passed over the ship’s rail

95
Q

Cost and Freight seller’s obligation is to _____.

A

pay the cost and freight to bring the goods to the named port of destination

Ocean Cargo (3 decks)

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