V3. LET'S FIGHT!

1.           What does the term “multimodal transport” refer to?

 

• A.          Transporting goods within the city.

• B.          Using various packaging materials for cargo.

• C.          Using a single mode of transport for all shipments.

• D.         Shifting between different modes of transport for a single shipment.

2.           Which of the following factors should be considered when optimizing the multimodal transportation of intermodal containers over long distances using the railway system?

 

• A. The economic implications of container shipping alliances.

• B. The environmental sustainability of container transportation methods.

• C. The historical evolution of intermodal container design and technology.

• D. The impact of railway infrastructure upgrades on transportation efficiency.

Which of the following is a major type of ocean port?

 

• A.  Air cargo.

• B.   Hazardous cargo.

• C.  Heavy machinery.

• D.  Passenger transport.

           What is the primary purpose of trade documentation in international transactions?

 

• A. To negotiate pricing and terms of sale.

• B. To establish quality standards for products.

• C. To streamline communication between parties.

• D. To fulfil regulatory requirements and ensure compliance.

           What does the legal status of a document in international transactions primarily refer to?

 

• A. The document's role in establishing quality standards.

• B. The document's importance in facilitating communication.

• C. The document's use as a negotiation tool between parties.

• D. The document's recognition and enforceability in a court of law.

           In international trade, how does the legal status of a document, such as a bill of lading, impact the parties involved in a transaction?

 

• A. It guarantees the quality and condition of the transported goods.

• B. It serves as a binding contract, ensuring fair pricing for all parties.

• C. It simplifies dispute resolution by providing a common understanding.

• D. It can be relied upon as evidence in court proceedings to establish rights and obligations.

           Which payment method is used when the buyer pays in advance and accepts all the risk of not receiving the goods or encountering other issues?

 

• A. Bank transfer.

• B. Cash in advance.

• C. Cash on delivery.

• D. Credit card payment.

          Which of the following documents is NOT required in a typical letter of credit transaction process?

 

• A. Packing List, which itemizes the contents of each package.

• B. Bill of Lading, receipt and contract between shipper and carrier.

• C. Commercial Invoice, which provides a detailed description of goods and terms.

• D. Certificate of Insurance, which provides proof of insurance coverage for the goods being shipped.

           Which of the following statements accurately reflects the relationship between currency risk and cargo insurance in international transactions?

 

• A. Cargo insurance provides coverage for losses due to currency fluctuations that occur during the transaction period.

• B. Currency risk and cargo insurance are independent factors, each addressing separate aspects of international transactions.

• C. Currency risk and cargo insurance are both methods of managing financial risks associated with international transactions but address different aspects.

• D. Currency risk refers to the possibility of damage or loss to the cargo during transit, while cargo insurance relates to potential fluctuations in exchange rates.

           Which intermediary facilitates the consolidation of small shipments from multiple suppliers into a single larger shipment for more cost-effective transportation?

• A. NVOCC.

• B. Consolidators.

• C. Freight Forwarding.

• D. Shippers Associations.