Freight Forwarding Quiz

What is freight forwarding?

• The transportation of passengers

• A collection of operations aimed at transporting goods

• Managing shipbuilding processes

• Selling goods to customers

Who can act as the forwarder in freight forwarding?

• Goods owner

• Ship owner

• Cargo handling company

• All of the above

What is the role of a consolidator?

• To act as a consignee

• To consolidate shipments from multiple senders into one shipment

• To transport goods directly to the destination

• To manufacture the goods

Who is responsible for winning the right to transport goods?

• The shipper

• The consolidator

• The party paying the transportation costs

• The consignee

What does 'winning the right to transport' mean?

• Gaining the right to handle customs

• Organizing the transportation of goods

• Taking ownership of the goods

• Receiving the payment

Who can be the shipper?

• Only the seller

• A logistics company acting on behalf of the seller

• The buyer

• The consignee

In which case is the seller NOT the shipper?

• When the seller hires a logistics company

• When the seller acts as a manufacturer

• When the seller issues an invoice

• When the seller delivers the goods personally

What does 'To Order' mean on a Bill of Lading?

• Goods will be delivered directly to the buyer

• Goods are held by the buyer's bank until payment is made

• Goods are shipped to the manufacturer

• Goods are returned to the shipper

Who is the consignee in a typical transaction?

• The seller

• The logistics company

• The buyer or their representative

• The shipper

Which of these Incoterms can be used for all modes of transport?

• FOB, FAS

• FCA, CPT, CIP

• CFR, CIF

• Only FOB