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WorksheetsMAM Dept Meeting - June 2019
Total questions: 10
Worksheet time: 11mins
List 3 documents typically needed for export customs clearance at Labuan.
i. Packing List
ii. Original/FOB Invoice
iii. Proforma Invoice
iv. Bill of Lading/Cargo Manifest
v. Surveyor Report
i, ii, and v
i, iii, and iv
i, iv and v
i, ii, and iv
What are the documents needed for normal applications of MITI Free Trade Agreement (FTA) forms? (Form D, E, AK, etc.)
i. Original Invoice to Consignee
ii. Bill of Lading
iii. Packing List
iv. Third party invoice to Consignee
v. Customs Clearance Documents
i, ii, and v
ii, iv and v
i, iii, and v
ii, iii, and v
Which of the following scenario allows proceed loading instruction to be given?
Letter of Credit yet to be sighted by trade finance
Approved MOC Insurance Certificate yet to be issued
Sales order not generated
Advanced payment yet to be sighted by finance
What is the basic purpose of a Bill of Lading?
i. Evidence of contract carriage
ii. Receipt of goods
iii. Document title to the goods
ii, and iii
i, and ii
i, and iii
All of the above
When is an LOI required for discharging?
i. OBL delayed in reaching destination due to short sailing times and long holidays
ii. OBL used for LC negotiations
iii. Owner policy states that no OBL allowed to be placed on board
iv. Terminal BL has been surrendered to owners
v. Tanker BL has been issued at discharge port
i, ii, and iv
i, and iii
i, and ii
i, iii, and iv
What are the elements needed in time charter vessel calculation/simulation?
i. Bunkering
ii. Crew/Manning Costs
iii. Charter Hire Rate
iv. Port Charges
ii, iii, and iv
i, iii, and iv
i, ii, and iii
All of the above
As per above timelog, when does laytime commence and cease for bulk methanol shipments?
Commence - 12/Feb/2019 05:12
Cease - 18/Feb/2019 03:00
Commence - 12/Feb/2019 11:12
Ceased - 18/Feb/2019 03:00
Commence - 17/Feb/2019 11:48
Ceased - 18/Feb/2019 03:00
Commence - 17/Feb/2019 11:48
Ceased - 18/Feb/2019 02:46
Which 2 banks does PCML utilize to open outward Letter of Credits?
i. RHB
ii. JP Morgan Chase
iii. CIMB
iv. Ambank
v. SME Bank
i, and ii
i, and iii
ii, and iii
All of the above
Which of the following is the minimum requirement for IMPCA Methanol specification for Potassium Permaganate Time test at 15%?
Minimum 40 minutes
Minimum 60 minutes
Minimium 80 minutes
Minimum 100 minutes
Which of the following is NOT a benefit of using an LC?
Able to change discharge ports after loading
Payment is secured on seller’s end
Reduces risk on seller’s end
A more controlled/standardised form of document issuance
