MA0119 Bunkering Practices_Topic 2

MA0119 Bunkering Practices_Topic 2

Professional Development

12 Qs

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MA0119 Bunkering Practices_Topic 2

MA0119 Bunkering Practices_Topic 2

Assessment

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Professional Development

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Created by

Dorothy Sim

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12 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Describe the role of the Independent marine fuel supplier and Oil Major.

a) To explore and extract oil from offshore reserves.

b) To provide marine fuel to vessels worldwide.

c) To regulate marine fuel prices globally.

d) To transport marine fuel to various ports.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What distinguishes the role of an independent marine fuel supplier from an oil major?

a) Ownership of refineries

b) Exclusivity in market reach

c) Ability to set international fuel prices

  1. d) Dependence on government regulations

3.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

Private Sector Independents are privately owned entities involved in marine fuel supply, whereas National Independent Companies are _____ owned entities with similar roles.

4.

MATCH QUESTION

2 mins • 1 pt

Match the following

Bunker broker

  1. Acts as an intermediary between buyers and sellers of marine fuel.

Bunker supplier

  1. Provides marine fuel directly to vessels.

Bunker surveyor

  1. Conducts inspections and tests related to marine fuel quality.

5.

REORDER QUESTION

2 mins • 1 pt

Arrange the following influencing factors affecting the statement "Independent suppliers are very influential in the bunker business world-wide" from most significant to least significant.

Geopolitical tensions

Environmental regulations

Fluctuations in oil prices

Technological advancements in fuel efficiency

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Discuss the possible reasons for the oil majors’ limited participation in the world bunker market.

a) Environmental concerns

b) Higher profitability in other sectors

c) Regulatory restrictions

d) All of the aboveooi

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a possible reason for oil majors’ limited participation in the world bunker market?

a) Profit margins

b) Focus on upstream operations

c) Environmental concerns

  1. d) Lack of financial resources

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