QUIZ WEEK 8

TRANSPORTATION & LOGISTIC

True or False

1. Incoterms are trade terms published by the International Chamber of Commerce.

TRUE

2. Under an ex works contract, a seller is obliged only to deliver the goods at his own place of
business.

TRUE

3. Under an ex works contract, all the costs connected with transportation are the
responsibility of the seller.

FALSE

4. A bill of lading is an instrument issued by an ocean carrier to a shipper with whom the
carrier has entered into a contract for the carriage of goods.

TRUE

5. The transfer of a straight bill gives the transferee greater rights than those of his transferor.

FALSE

Multiple Choice Questions

6. The trade term “________” is used when the seller fulfills his obligations to deliver the
goods passed over the ship’s rail at the named port of shipment.

A. free on board
B. freight forwarder
C. common carrier
D. dead freight

7. The trade term “________” is used when the seller fulfills his obligations to deliver when
the goods have been placed alongside the vessel on the quay or in lighters at the named
port of shipment.

A. free alongside
B. free on board
C. free carrier
D. common carrier
8. Which of the following best describes a clean bill of lading?

A. It is a bill of lading that is negotiable.

B. It is a bill of lading issued to a named consignee that is not negotiable.
C. It is a bill of lading indicating that some discrepancy exists between the goods loaded and
the goods listed on the bill.
D. It is a bill of lading indicating that the goods have been properly loaded on board the
carrier’s ship.

9. Which of the following best describes a claused bill of lading?

A. It is a bill of lading that is negotiable.

B. It is a bill of lading issued to a named consignee that is not negotiable.
C. It is a bill of lading indicating that some discrepancy exists between the goods loaded and
the goods listed on the bill.
D. It is a bill of lading indicating that the goods have been properly loaded on board the
carrier’s ship.

10. Which of the following is considered as perils of the sea for insurance purpose?

A. fire
B. jettison
C. barratry
D. All of these