Transport Documents

What is the primary purpose of a Bill of Lading?

• To provide weather updates during shipment

• To serve as a receipt for the goods shipped, a contract of carriage, and a document of title.

• To serve as a recipe for the goods shipped

• To showcase the company logo

Which transport document is commonly used in air freight shipments?

• Truck waybill

• Air waybill

• Train waybill

• Sea waybill

Why is an import license important for international trade?

• An import license is important for international trade to limit competition, restrict access to markets, and increase prices.

• An import license is important for international trade to ensure compliance with regulations, monitor goods flow, and collect duties.

• An import license is important for international trade to bypass regulations, avoid taxes, and promote illegal activities.

• An import license is important for international trade to delay shipments, reduce quality control, and discourage foreign investment.

What are the key differences between a Bill of Lading and an Air Waybill?

• A Bill of Lading is used for air shipments and is negotiable, while an Air Waybill is used for sea shipments and is non-negotiable.

• Both a Bill of Lading and an Air Waybill are used for sea shipments.

• A Bill of Lading is non-negotiable, while an Air Waybill is negotiable.

• A Bill of Lading is used for sea shipments and is negotiable, while an Air Waybill is used for air shipments and is non-negotiable.

When is a Bill of Lading issued in a shipment?

• When the goods are delivered to the warehouse

• When the goods are loaded onto the carrier's vehicle or vessel.

• When the shipment is scheduled

• When the carrier receives payment

What are the consequences of not having the necessary import license?

• Legal penalties, customs seizure of goods, inability to clear customs, potential damage to business reputation

• Increased customer satisfaction

• Enhanced product quality

• Free advertising opportunities

Why is it important for importers to understand the requirements of transport documents?

• To ensure smooth customs clearance, accurate shipment tracking, and compliance with international trade regulations.

• To have more paperwork to deal with

• To delay the shipment process

• To confuse customs officials

A document that must be obtained from the government before trading can be done with another country

• Import license

• Bill of Lading

• Airway Bill