GEES QUIZ

What key factors influence methanol pricing in the global market?

• i and ii

• i and iii

• i, ii and iii

• All of the above

Answer explanation

Methanol pricing is influenced by crude oil and natural gas prices, supply and demand dynamics, production costs, geopolitical factors, and environmental regulations impacting methanol-related industries.

What is the weighted average price per metric ton?

• $355/MT

• $360/MT

• $365/MT

• $370/MT 

Answer explanation

What is the primary purpose of a "cargo slop tank" on a tanker vessel?

• To store ballast water during loading and unloading

• To store excess fuel oil used for propulsion

• To maintain the ballast water system and prevent excessive list during voyages

• To collect residual liquid cargo, such as oil and chemicals, to prevent contamination of the environment

Answer explanation

A cargo slop tank is a tank on a tanker ship where leftover liquids, like oil or chemicals, are stored after the main cargo is unloaded. These leftovers are called "slops."

The reason the slop tank is important is that it keeps these leftover liquids safely on the ship instead of letting them spill into the ocean, which could harm the environment.

So, the slop tank helps prevent pollution by holding onto any leftover cargo until it can be disposed of properly.

In tanker vessel operations, which of the following is the most important factor in determining the freight rate for transporting liquid cargo?

• The size of the tanker vessel

• The distance between the loading and unloading ports

• The type of liquid cargo being transported

• The fuel consumption of the vessel during the voyage

Answer explanation

In commercial shipping, the freight rate is largely determined by the distance between the loading and unloading ports. The longer the journey, the higher the freight rate tends to be, as it takes more time and resources to complete.

While the size of the vessel and the type of cargo are important considerations, the distance is typically the most significant factor in setting the rate for transportation.

Which countries are considered high-risk for issuing an LC?

• Vietnam

• China

• Philippines

• Thailand

Answer explanation

According to the Sovereign Rating Score Snapshot published by S&P Global Ratings in 2017, their assessment of sovereign creditworthiness is based on five key factors: institutional assessment, economic assessment, external assessment, fiscal flexibility and debt burden performance, and monetary assessment. Vietnam received a high score, indicating that it is considered a high-risk country for LC issuing. 

What bank will notify us whether the LC has been approved for issuance or not ?

• Issuing bank

• Advising bank

• Nego bank

• Confirming bank

Answer explanation

Because the role of Nego bank is to check whether the require documents prepare as per LC or not.

What is the Ezam’s portfolio ?

• Methanol - AKSB and PCMKI

• Methanol - Malaysia (OCT, PCMTBE, Kerteh Tank, Labuan and Bintulu), KLK

• Benzene (PCMC & ISM) and Toluene (Lifting & Planning)

• SUPERIN (Indonesia) , Thailand, Singapore, KLK

What are types of Letters of Credit? 

• i and ii

• ii, iii, and iv

• i, iii, and iv

• All of the above

What are the risks associated with using a Letter of Credit? 

• i and ii

• i, ii, and iii

• ii and iii

• iv

Which generation group is most represented in the team?

• Gen Z

• Gen X

• Millennials

• Baby Boomers

Answer explanation

• Baby Boomers: 1946 to 1964

• Generation X: 1965 to 1980

• Millennials (Generation Y): 1981 to 1996

• Generation Z: 1997 to 2012