Terms and Definitions in Transport (Pt. 1)

Terms and Definitions in Transport (Pt. 1)

Assessment

Flashcard

Social Studies

University

Practice Problem

Hard

Created by

KAMARULZAMAN ISHAK

FREE Resource

Student preview

quiz-placeholder

15 questions

Show all answers

1.

FLASHCARD QUESTION

Front

Describe the concept of load factors and its importance in transport efficiency.

Back

Load factors measure the efficiency of transport systems by comparing the actual load carried to the maximum possible load, optimizing resource utilization.

2.

FLASHCARD QUESTION

Front

Port Klang is a major hub for electronics shipments to Europe, China, and the U.S.

Back

Electronics exports from Malaysia often rely on CIF contracts through Port Klang for efficient shipping and insurance coverage.

3.

FLASHCARD QUESTION

Front

Port Klang is a strategic port for Malaysian exports under CIF contracts.

Back

Its role in palm oil and electronics exports highlights its importance in international trade.

4.

FLASHCARD QUESTION

Front

CIF terms are advantageous for sellers in managing international shipments.

Back

Sellers arrange freight and insurance, ensuring better service assurance for buyers.

5.

FLASHCARD QUESTION

Front

What does FCA stand for?

Back

FCA stands for "Free Carrier," a trade term where the seller delivers goods to a carrier or location nominated by the buyer.

6.

FLASHCARD QUESTION

Front

EXW stands for "Ex Works." Typical goods include machinery and electronics.

Back

Seller's responsibility ends at their factory, and buyer's responsibility begins from the factory onward. Common locations include Shah Alam and Johor.

7.

FLASHCARD QUESTION

Front

DDP stands for "Delivered Duty Paid." Typical goods include e-commerce and medical products.

Back

Seller's responsibility ends at the final destination, and buyer's responsibility begins upon delivery. Common location is Singapore.

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?