shared via CourseHero com This study resource was This study source was downloaded by 100000803181405 from CourseHero com on 10 20 2021 07 50 57 GMT 05 00 https www coursehero com file 53593326 Midterm Freight Forwarding Answersdocx Midterm Freight Forwarding1 A sight bill of exchange is risker than a term bill of exchange True2 Docs what international convention regulates the traffic of poaching athat are at risk of going extincta ATA Carnetb CITESc UNCISGd URC5223 How many digits are used in the HS Tariff system in Canada 104 Whsg if you have 155 pallets each 48in x 42in x 42in What is thevolume in this closest 2155 Which document would be most important to determine delivery in a CIFtransaction a Certificate of inspectionb The packing listc Bill of ladingd Comm Invoicee Insurance certificate covering all risks and war6 Which storage method would best utilize the space in a warehouse a Rank by popularity b Cube per order indexc Random locationd Rank by size smallest closest to the loading area7 There are two measures of the maximum warehouse s liability in goods one is 500 per unit or the other is 100 times the monthly False8 A House Bill of lading not acceptable proof of delivery under a letter ofcredit becausea A HBL is not issued by the shipperb A HBL is not a contract of carriage Note I think this is right c A HBL is signed only by the buyerd A HBL is not a carrier s document it is from the freight forwarder9 Why do Canadian regulations only permit heat treatment for woodpackaging a Canada signed the Montreal Protocol on Substances that causeclimate changeb Because methyl bromide cancels the effects of heat treatment and isineffective c Because Canada has a found methyl bromide to be toxicd Canada signed the Montreal Protocol on Substances that Deplete theOzone layer10 What best defines the assembly a number of items into compost loading provided with skids and cleats for case of handling shared via CourseHero com This study resource was This study source was downloaded by 100000803181405 from CourseHero com on 10 20 2021 07 50 57 GMT 05 00 https www coursehero com file 53593326 Midterm Freight Forwarding Answersdocx a Standardizingb Unitizingc Consolidationd Bundling11 This document is used by the USMCA parties to ascertain duty free statusin North Americaa Commercial Invoiceb Certificate of inspectionc Phytosanitary certificated Certificate of origin 12 Which of the following is not a good way to use HS Tariff for goods comingto a Transship through a lesser developed countryb Complete final steps in the production in the country of origin c Bring them in from LDCT or CCCT countriesd Change the code to one that fits the product but has lower tariff13 The symbol means a Protect from heatb Protect from machineryc Ship only in summerd Ship in Caribbean only14 Single wall double wall as used in construction of a Cardboard boxes Note I think this is right b Cratesc Wire bound boxesd Nail wood boxes15 Pallets come in various sizes Match the criteria for each a 3 container 1 Space utilization b 1 Package 2 Limit 1000kgc 2 Weight 3 Same uniform 16 When stuffing a container what is the primary packaging consideration a Volume versus actual weightb Container type capacityc Separating consolidated cargod Pack for the toughest leg of the journey17 Packaging serves which of the following purposes a Marketing and safetyb Safety and protectionc Distribution and theft resistanced Marketing and distribution 18 For ab LC an must be agreed upon by at least shared via CourseHero com This study resource was This study source was downloaded by 100000803181405 from CourseHero com on 10 20 2021 07 50 57 GMT 05 00 https www coursehero com file 53593326 Midterm Freight Forwarding Answersdocx and a Amendment applicant beneficiaryb Acceptance issuing advising banksc Acceptance corresponding negotiating banksd Agreement forwarder a bank19 Below there is one answer which is not an error on the LCa Freight collect or ppd not indicatedb Documents missingc Beneficiary address incorrectd Description on commercial invoice differs from LC20 What effect does unitization have on insurance claims and why a An increase in claims as exposure to damage is increased b An increase I premiums as survey cannot be donec A decrease in claims as pilferage is reducedd None as unitization is expected to be done21 Which is not an underlying factor in selecting a cardboard cartona Resistance to theftb Resistance to puncturec Resistance to moistured Resistance to compression 22 Match the advantages and riska Exporter gets paid if complies with LC advantageb LC is more expensive than a DC riskc Exporter may not get paid even if any conditions met riskd Importer controls shipping advantage23 Which statement is true in respect to LC sa Banks deal only with documents Note I think this is right b Suppliers apply for LC sc Banks deal with documents and the quality of the productsd Banks participate with the buyer in negotiating LC s24 Which answer will render an LC revocable a Latest date of shipment Aug 12 2014 actual date Aug 12 2014b Date of expiry of LC Aug 30 2014 actual date of presentation Aug29 2014c Commercial invoices 4 copies actual 5 copies presented d Applicant name ends in Limited Actual LTD25 In an LC and a DC the same parties are involved but have different titles Match these partiesa 2 Buyer 1 Importerb 3 Seller 2 Draweec 1 Applicant 3 Drawerd 4 Beneficiary 4 exporter26 Put the following in the correct ordera 8 Seller s bank remits to seller shared via CourseHero com This study resource was This study source was downloaded by 100000803181405 from CourseHero com on 10 20 2021 07 50 57 GMT 05 00 https www coursehero com file 53593326 Midterm Freight Forwarding Answersdocx b 10 Buyer s bank remits payment to seller s bankc 1 Negotiate the deald 7 Seller send documents to his banke 3 Buyer s bank forwards LC to seller s bankf 6 Seller prepares and ships goodsg 5 Seller agrees to LCh 2 Applicant applies for LCi 9 Seller s bank send to buyer s bankj 4 Seller s bank send LC to sellerk 11 Seller collects documents27 Which is most untrue a A LC requires acceptance of documentsb A DC is a guarantee of paymentc A letter of credit LC is a guarantee of paymentd A DC involves a remitting and collecting bank28 The buyer is stalling at paying the documentary collection DC it appearsthat payment is not be forthcoming The bank is responsible for a Following the direction of the DCb The pay as they are the responsible for paymentc