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NEU Ocean Module 2 Flashcards

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
Q

Before quoting NVOCC service, check _____ in _____, _____ rate in _____, request _____ and research _____.

A

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.

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26
Q

_____ from carriers are not the same _____.

A

Buying rate structure and amount, amounts as filed in our NEI tariff

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27
Q

Use _____ rate structure for quote and tariff filing

A

our

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28
Q

NEI _____, _____ and _____ must be quoted.

A

tariff charges, surcharges, and fees

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29
Q

NEI filed tariff _____ must be used in the quote.

A

nomenclature

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30
Q

Cost of NEI NVOCC service includes _____, _____, _____ fee, _____ and _____ compensation.

A

ocean freight from the carrier, NEI B/L commission, destination handling fee, liability insurance and forwarder compensation.

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31
Q

NEI B/L commission of $_____.

A

$4.00 per BL or Waybill

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32
Q

Destination handling fee of approx. $_____ for FCL shipment.

A

$20.00 per container

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33
Q

Destination handling fee of approx. $_____ for LCL shipment.

A

$20 per B/L (Waybill)

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34
Q

Forwarder compensation is based on _____.

A

NEI tariff

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35
Q

Liability insurance cost of $_____ for FCL.

A

$4.00/FEU

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36
Q

Liability insurance cost of $_____ for Co-Loading.

A

$4.00/BL

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37
Q

Liability insurance cost of $_____ for Reefer.

A

$7.50/FEU

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38
Q

Liability insurance cost of $_____ for Break Bulk.

A

$0.50/RT

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39
Q

RT

A

Revenue Tonne (i.e. 1 metric tonne or 1.0 cubic meter, whichever greater)

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40
Q

Co-loading is allowed when there is _____.

A

not enough cargo volume to establish an LCL consolidated container

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41
Q

Co-loading is allowed for _____ shipment.

A

hazardous material

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42
Q

Co-loading requires _____ prior to _____.

A

carrier-to-carrier agreement, loading our cargo with another NVOCC

43
Q

NEI nominated co-loaders include _____.

A

Vanguard Logistics, Brennan International, Direct Container Line, Conterm Consolidation, Shipco Transport

44
Q

NEI offers our own _____ for transpacific westbound.

A

LCL consolidation system

45
Q

_____ are set from each CFS in the US to all major Asian destinations.

A

Internal wholesale rates

46
Q

Internal wholesale rate is the _____ for an LCL shipment.

A

ocean freight buying cost per w/m

47
Q

_____ is moving through our hub system on a weekly basis.

A

LCL consolidation cargo

48
Q

NEI LCL Consolidation System country destinations include _____.

A

Japan, China, Korea, Singapore and Hong Kong

49
Q

NEI LCL Consolidation System destinations in Japan include:

A

Tokyo, Yokohama, Nagoya, Kobe and Osaka

50
Q

NEI LCL Consolidation System destinations in China include:

51
Q

NEI LCL Consolidation System destinations in Korea include:

52
Q

NEI LCL Consolidation System transhipment to other destinations is handled at _____.

A

Hong Kong, Singapore, Busan, and Japan ports

53
Q

Transpacific Westbound Hub Consolidation NYH -> _____

54
Q

Transpacific Westbound Hub Consolidation BOS -> _____

55
Q

Transpacific Westbound Hub Consolidation PHL -> _____

56
Q

Transpacific Westbound Hub Consolidation WAS -> _____

57
Q

Transpacific Westbound Hub Consolidation VIA -> _____

58
Q

Transpacific Westbound Hub Consolidation BNA -> _____

59
Q

Transpacific Westbound Hub Consolidation CLT -> _____

60
Q

Transpacific Westbound Hub Consolidation MIA -> _____

61
Q

Transpacific Westbound Hub Consolidation NYC -> _____

62
Q

Transpacific Westbound Hub Consolidation ATL -> _____

63
Q

Transpacific Westbound Hub Consolidation MSP -> _____

64
Q

Transpacific Westbound Hub Consolidation CMH -> _____

65
Q

Transpacific Westbound Hub Consolidation DTT -> _____

66
Q

Transpacific Westbound Hub Consolidation IND -> _____

67
Q

Transpacific Westbound Hub Consolidation CLV -> _____

68
Q

Transpacific Westbound Hub Consolidation CTT -> _____

69
Q

Transpacific Westbound Hub Consolidation PIT -> _____

70
Q

Transpacific Westbound Hub Consolidation CHI -> _____

71
Q

Transpacific Westbound Hub Consolidation DFW -> _____

72
Q

Transpacific Westbound Hub Consolidation HOU -> _____

73
Q

Transpacific Westbound Hub Consolidation SEA -> _____

74
Q

Transpacific Westbound Hub Consolidation PDX -> _____

75
Q

Transpacific Westbound Hub Consolidation SFO -> _____

76
Q

Transpacific Westbound Hub Consolidation DEN -> _____

77
Q

Compensation is paid to _____ who use our NEI carrier service.

A

other freight forwarders

78
Q

Compensation is paid against _____.

A

their brokerage invoice

79
Q

Freight forwarders are paid _____ on dry cargo LCL shipments from _____.

A

5% of the base ocean freight, US ports

80
Q

Freight forwarders are paid _____ on dry cargo FCL shipments from _____.

A

2.5% of the base ocean freight, all US origins named in our tariff

81
Q

Freight forwarders are paid _____ on refrigerated shipments _____.

A

1.25% of the base ocean freight, for both FCL and LCL from all US origins.

82
Q

NEI has developed _____ in compliance with _____.

A

our own tariff system, the 1998 OSRA (Ocean Shipping Reform Act)

83
Q

If no rate is on file _____ before commencement of _____.

A

a new NEI tariff rate needs to be filed, carrier’s arrangements

84
Q

Duplicate rate filing is prohibited under the following shipment conditions: _____.

A

commodity, place of receipt, place of loading, place of unloading, place of delivery, service type and rate basis

85
Q

TRI#

A

Tariff Rate Item Number

86
Q

RTC

A

Regional Tariff Controller

87
Q

TRI# is assigned _____ approved by _____.

A

after rate filing, RTC

88
Q

TRI# is printed on every _____.

A

NEI House B/L

89
Q

TRI# is _____ digits long.

90
Q

NVOCC US Export Shipment Master B/L shipper name: _____

A 
Nippon Express USA, Inc. 
- Branch Name -
As Agent For
Nippon Express USA (Illinois), Inc.
401 E. Touhy Ave., Des Plaines, IL 60018
91
Q

NVOCC US Export Shipment Master B/L consignee name: _____

A

Destination country agent, branch name & address

92
Q

NEI House B/L or Waybill prepared according to _____ and/or _____.

A

shipper’s letter of instruction and/or commercial invoice and packing list

93
Q

NEI House B/L or Waybill shipper: _____

A

seller (actual shipper)

94
Q

NEI House B/L or Waybill consignee: _____

A

buyer (sold to party)

95
Q

NEI House B/L or Waybill notify party: _____

A

broker at destination

96
Q

NEI House B/L or Waybill commodity: _____

A

same name used during freight survey

97
Q

NEI House B/L or Waybill freight payment: _____

A

according to trade terms

98
Q

NEI House B/L or Waybill _____ must be an accurate figure.

A

weight & measurement

99
Q

Prior to signing NEI B/L or Waybill need to confirm freight _____ and _____ used are in compliance with our _____.

A

freight rates and terminology, Tariff

100
Q

Prior to signing NEI B/L or Waybill need to confirm that place _____, _____, _____ and _____ match _____.

A

of receipt, port of loading, port of discharge and place of delivery match tariff

101
Q

Prior to signing NEI B/L or Waybill need to confirm applicable _____ for _____ to be shipped.

A

Tariff rate item (TRI) # for commodity

102
Q

Prior to signing NEI B/L or Waybill need to confirm that _____ and _____ # match those of the _____ confirmation.

A

ocean vessel and voyage #, booking

103
Q

We have a responsibility to keep NVOCC documents on file for _____ years from _____.

A

7 years, B/L date

104
Q

NVOCC documents that need to be retained include _____

A

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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